Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
Automatically there must be onthejob Training Programs for africanamericans in this group to go into these areas and earn as they learn. In agri business we have 1890s college, 19 of them, Whose Authority and mandate, due to farm bill, is to take the money that weve given to the farm bill and spend in teaching, research and extension. Why not create the other spending category, for scholarships and loan forgiveness, students who will go in and take advantage of these job openings in agriculture business. All im saying is that, please, we have got to get the fed to get off the dime and put the issue of africanamerican unemployment on the front burner. That is the core of all of the domestic issues that were facing. And that is the childbearing group. What is there for them . Thats why we have so many of the situations in baltimore, in chicago and other places, and at least do a straight pipeline to why we got 1. 2 million of them sitting in the prisons. Would you help us with that . Con
Advocacy from you to say automatically there must be onthejob Training Programs for africanamericans in this group to go into these areas and earn as they learn. In agrobusiness we have 19 colleges Whose Authority and mandate due to farm bill is to take the money that we give to the farm bill and spend in teaching, research and extension. Why not create the other spending category for scholarships and loan forgiveness . Students who will go in and take advantage of these job openings in agriculture and business . All im saying is, that please, we have got to get the fed to get off the dime and put the issue of africanamerican unemployment on the front burner. That is the core of all of the domestic issues that were facing. And that is the childbearing group. What are these fathers to do . What is there for them . Thats why we have so many of the situations in baltimore, in chicago and other places. And it leads to a straight pipeline to why we got 1. 2 million of them sitting in the pr
Employment, greater opportunities, but also, policies that will target those who are hurt the most. I thank you, mr. Chairman. I yield back. The gentlemans time expired. The chair now recognizes the gentleman from pennsylvania. For fooi minute five minutes. Thank you, mr. Chairman. Welcome chair. I want to talk briefly about custody banks, which you know follow a different Business Model from other financial institutions. Custodians do not make consumer loans or engage in investment banking. For these reasons pose relatively little credit risk. I understand that custody banks whose customers would include Pension Funds with millions of beneficiaries are finding it increasingly difficult to provide their core custody services, especially accepting large cash deposits. And this could worsen under a period of stress. One of the reasons appears to be Regulatory Reform such as the supplementary leverage ratio known as slr. They typically place cash received on deposit with the Federal Reser