Committee. The meeting will be called to order. The chairman is on his way. He has asked me to gavel in and begin my Opening Statement and then hopefully he will be here. We are very, very honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your perspective on the current state of the economy, and the potential challenges ahead. Id also like to thank you for your thoughtfulness as you help steer the economy through what in some ways are extremely challenging times. As you have said in your testimony, by some measures, our economy is strong. The National Unemployment rate fell from 10 at its peak during the Great Recession to only 4. 7 when President Trump took office. And it has continued to fall. It now stands at only 3. 6 . The economy has continued to add jobs now for 10 9 consecutive months. More than nine years. Years. Inflation remains low. Below the feds target. Wages are moving up though not as fast as we would like. But it is w
Inland. That sun coming up just before 7 00 setting before 5 00. Then looking at gusty winds arriving for your monday and then a whole different story for the rest of the week. Liz . Thanks, lisa. Neighbors in union city are mourning the loss of two young boys shot and killed in a School Parking lot early yesterday morning. Police are still searching for the suspects. The deaths mark the first two homicides in union city this year. Abc 7 News Reporter anner has san has the details. Reporter family and friends gathered at union city. Thats horrific and terrible for the families. Prayers go out. Reporter police say they got several 911 calls reporting gunshots. When Police Arrived they found two boys in a parked minivan. It wasnt a few fireworks that usually go off in this neighborhood, they like to do that here, but yeah, it was just a very long, long, drawn out range of shots. Reporter the 14yearold died on scene. The 11yearold died on wait to the hospital. The motive behind why they w
Showing in its entirety over on cspan2. Thats going to start at 8 00 p. M. Eastern time. The committee will be in order. The chairman is on his way. He wants me to give my Opening Statement and hopefully he will be here. Ere honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your the current state of the economy and the potential challenges ahead. Like to thank you for your thoughtfulness as you help through what omy in some ways are extremely times. Ging as you have said in your testimony, by some measures, our strong. Is the National Unemployment rate duringom 10 at its peak the Great Recession to only 4. 7 President Trump took office. And it has continued to fall. Only 3. 6 . Ds at addeconomy has continued to jobs now for 109 consecutive months. Than nine years. Inflation remains low. Feds target. Wages are moving up though not as fast as we would like. Ways. Is weak in other but other measures tell a very story. Nt g. D. P. Growth
Watch book tv every weekend on cspan2. The chair of the Federal Reserve, jerome powell, testified on Monetary Policy in the economy before the joint committee. He said he expects the u. S. Economy to continue growing at a steady pace with a strong labor market so the federal budget is on an unsustainable path with high and debt. The meeting will be called to order. The chairman is on his way. In andasked me to gavel begin Opening Statements and hopefully he will be here. We are honored to have chairman powell and we thank him for testifying today. I look forward to hearing your perspective on the current state of the economy and the potential challenges ahead. I would also like to thank you for your thoughtfulness as you througher the economy what in some ways are extremely challenging times. As you have said in your testimony, by some measures, our economy is strong. The National Unemployment rate fell from 10 at its peak during 4. 7 reat recession to only when President Trump took of
The committee will be in order. The chairman is on his way. He wants me to give my Opening Statement and hopefully he will be here. Ere honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your the current state of the economy and the potential challenges ahead. Like to thank you for your thoughtfulness as you help through what omy in some ways are extremely times. Ging as you have said in your testimony, by some measures, our strong. Is the National Unemployment rate duringom 10 at its peak the Great Recession to only 4. 7 President Trump took office. And it has continued to fall. Only 3. 6 . Ds at addeconomy has continued to jobs now for 109 consecutive months. Than nine years. Inflation remains low. Feds target. Wages are moving up though not as fast as we would like. Ways. Is weak in other but other measures tell a very story. Nt g. D. P. Growth has slowed, third below 2 in the quarter. Job growth is also slowing. Lagged behind the l