That makes some sense to me. They are not systemically important. I dont know what that would be. My strong preference would be we continue to add meaningful stress testing for them. Its a successful tool. Warren i want to followup on the question about full employment. Congress gave the Federal Reserve a dual mandate, to pursue maximum employment and keep prices stable. The Unemployment Rate is 4. 1 . 4 in thet will get near future. An Unemployment Rate this low would have been considered full employment. That would be good news for the workers. That should be accompanied by higher wages. Wages of barely budged. Let me start by asking, given that wage growth is so weak, is the labor market full employment . Jerome powell full Employment Concept sort of precise in our thinking. A number of indicators would suggest we are at around full employment. I will point to a couple that suggest there is more room for growth area that would be growth area did growth. There is no sense that the ec
There is more brush now than there has ever been in the past they have had to change where they go. This is real. I just left and there is no snow on the ground in fairbanks. It was 30 degrees when i left. That has a real impact as well. When it ices over they have a harder time getting to their food. I hope to see that this body recognizes that. Thank you mr. Alexander. Thank you. Senator lee. Thank you very much. I want to add my support for the opening up of a coastal plain region. This proposal makes sense on a number of levels, from an Economic Perspective opening up this small small remote area will provide billions of dollars in federal revenues alone over the next few decades which could be used to chip away at our staggering budget deficits that we are guessing. And new development will be for alaska, a state struggling for high unemployment and for its own budget shortfalls. Opening up the coastal plane makes sense. Energy development meets some of the most rigorous in the en
Good morning everyone. Committee will come to order. We meet this morning to consider opening a very small portion of alaskas 1002 area to responsible Energy Development to meet the 1 billion budget reconciliation instruction that our Committee Received last week. The 1002 area covers 1. 57 million acres of land in northeast alaska within the nonwilderness portion. You bring it over here, sean. Within the nonwilderness portion of an war. And i think its important to put this in context in terms of the areas we are talking about. Anwar itself is 19 million acres. Approximately the size of south carolina. The nonwilderness area, is approximately the size of delaware. The area here is designated as federal wilderness. So when were talking about anwr itself, i think its importedant to recognize there are parts that are designated as wilderness, parts within the refuge and parts, the 1002 area specifically been designated for consideration for oil and Gas Exploration. So again i want to be
Alaskas delegation senator lisa measure cows ki is the chair of the hearing. Welcome back, everyone. Sorry for the extra tenminute delay but we have finished at least these tranche of voting and hopefully well have an opportunity to get through this last panel with an opportunity for questions and conclude the hearing before we have another round of votes. So thats the hope here. This second panel is perhaps more of our technical panel. We have several witnesses present to help answer questions about modern development on the north slope and what it might look like in the future. Joining us today are mr. Aaron shut. Aaron is the president and ceo of doyon limited. Thank you for being here. You also brought your son with you, which is a great Educational Opportunity for him and we appreciate you both being here. Low w lois epistone is epstein is with us. She has been before the committee before. Following ms. Epstein, we will have mr. Richard glenn, also a frequent flyer here to the to
[ gavel ] welcome back, everyone. Sorry for the extra tenminute delay, but we have finished at least this tranche of voting, and hopefully, well have an opportunity to get through this last panel with an opportunity for questions and conclude the hearing before we have another round of votes, so thats the hope here. This second panel is perhaps more of our technical panel. We have several witnesses present to help answer questions about modern development on the north slope and what it might look like in the future. Joining us today are mr. Aaron sh shutt, president and ceo of doyon limited. Thank you for being here. You also brought your son with you, which is a great Educational Opportunity for him, and we appreciate your being here. Lois epstein is with us. Lois has been before the committee before. We welcome her back. She is the Arctic Program director for the wilderness society. Following ms. Epstein, well have mr. Richard glenn, also a frequent flyer to the energy committee. He