Today in the bays kris sanchez joins us with details on why that plane went down in the first place and what the pilot was saying as the plane crashed. Its dramatic video. You ask yourself how to you survive that crashing into the cold Pacific Waters . Its hard to believe the two people did survive and it is thanks in part to the friends who shot this video as it was happening off the coast of Half Moon Bay. Two planes were midair for a photo shoot when one plane lost power and while the pilot of that plane, david lesch, called in a may day, the other pilot kept rolling and circling the crash site and calling for help, not knowing at that point whether lesch and his passenger were okay. It turns out they were okay. This is them documenting what was happening on a waterproof phone to the relief of the pilot who watched that plane go wn. Were floating around now in the [ muted ] pacific ocean. Im holding onto my window shade as a floatation device. Im on the seat cushion. We have a seat
The will be with the current state of the u. S. Economy. And discuss its regulatory activities. In the last policy report, the chairman provide additional clarity on the plants to normalize Monetary Policy. Including how the size of the Balance Sheet will be driven by Financial Institutions demand for reserves. Since then, they have provided Additional Information and to continue receiving feedback on the Monetary Policy strategy and communication. All of what i look for to hearing an update on. The u. S. Economy is still strong. According to the equal analysis. Unemployment rate remains low at 3. 7 percent. The u. S. Is in his longest expansion of Economic Growth since 1854. According to the National Bureau of economic research. In order to continue this positive economic trajectory, red letters must evaluate the regulatory and supervisory activities for opportunities to tailor regulations and to ensure broad access to a wide variety of Financial Products and services. With respect to
The will be with the current state of the u. S. Economy. And discuss its regulatory activities. In the last policy report, the chairman provide additional clarity on the plants to normalize Monetary Policy. Including how the size of the Balance Sheet will be driven by Financial Institutions demand for reserves. Since then, they have provided Additional Information and to continue receiving feedback on the Monetary Policy strategy and communication. All of what i look for to hearing an update on. The u. S. Economy is still strong. According to the equal analysis. Unemployment rate remains low at 3. 7 percent. The u. S. Is in his longest expansion of Economic Growth since 1854. According to the National Bureau of economic research. In order to continue this positive economic trajectory, red letters must evaluate the regulatory and supervisory activities for opportunities to tailor regulations and to ensure broad access to a wide variety of Financial Products and services. With respect to
To political lobbying and haranguing, whether it comes from this end of pennsylvania avenue or the other end. I think youve stuck to your guns so far, but i want you to keep sticking to your guns i would like to turn to some questions about facebook and its proposed cryptocurrency, libra im a supporter of innovation in the Financial Sector, and if done right, this notion of a cryptocurrency could really deliver, i think, real benefits to the for increased friction, more access to consumers. But somebody who spent a lot of time the last couple of years dealing with social media and facebook in particular, i think it would be safe to say, and frankly, for people on both sides of the aisle, that facebook has quodeveloped sometn of a trust deficit and that the kind of Silicon Valley mindset of move fast and break things maybe works when youre just thinking about it in a technology framework, but when were thinking about the kind of implications social media has had around consumer privacy,
I think you have stuck to your guns so far but i want you to keep sticking to your guns. I would like to turn to some questions about facebook and its proposed cryptocurrency, libre. I am a supporter of innovation in the Financial Sector. Cryptocurrencya could really deliver real for increased friction and more access for consumers. As somebody who has spent the last couple of years dealing with social media and facebook in particular, i think it would facebook hasy that developed something of a trust deficit and that and that the kind of Silicon Valley mindset of move fast and break things maybe works when you were thinking about it in a Technology Framework but when we are thinking about the kind of implications social media has had around consumer privacy, public discourse, that no regulation does not always work. The House Financial Services committee, yesterday, you noted post many concerns, including potential risk to the security of the financial system. Aboute your concerns Sys