Street of cuba. As a communist holdout seemingly frozen in time looks to the future. But with a crippling trade embargo still in place, and human rights violations, can two countries separated by just 90 miles finally bridge the divide . U. S. Cuba, a new era. An Al Jazeera America special. Im antonio mora coming to you from havana, in the plaza did san francisco. People of cuba and the people of United States, the u. S. Flag was raised over the American Embassy in havana for the first time in more than 54 years a powerful symbol of the change in the u. S. Cuba relationship thats taken place in lest than a year. Melissa chan, at the ceremony, melissa there were some powerful moments. Absolutely powerful, the flag went up very, very quickly, whoosh and it was done. We heard the crowd outside the embassy, ordinary cubans, clapping and cheering. Ill have to say what a day. It has actually functioned as an embassy for almost a month now since the formal resumption of diplomatic relations o
Crudes the january brent prices. Will we see another cut . Days, in the next two donald trump will speak to the assembl ons General Assembly. And we have janet yellen, fed chair speaking. Jonathan we are focusing on the annual u. N. Assembly where President Trump will make his first and biggest address to leaders around the world. President trump has already condemned the u. N. For its bureaucracy and management. President trump in recent years, the United Nations has not reached its full potential because of bureaucracy and mismanagement. While the United Nations on a regular budget has increased by 140 , and its staff has more than doubled since 2000, we are not seeing results in line with this investment. Jonathan im pleased to welcome a special guest, tony blair, former Prime Minister serving as leader of the labour party until 2007. Great to have you with us on the program. Tony thank you. Specific you have a knowledge of the workings of the u. N. Security council. How best to nav
Supportive of the provisions included in the recent treasury report. I hope that the Federal Reserve is taking the recommendation seriously, have you read the report . Chair yellen i have read the report. There are many very useful and productive suggestions that mirror things we have been thinking and doing ourselves with respect to tailoring of our regulations, reducing burdens on Community Banks. I think the recommendations pertaining to the volcker rule and looking for ways to reduce burdens are useful. There are a few points where we have a different view. A lot is very useful. I look forward to working with you because while our branch of the government is a check on the executive branch we want to work with you to try to improve the ability of our banks to do the job of helping the communities grow. I am glad you mentioned Community Banks because i have a quick story i like your response to. I have shared this with the committee in the past with regard to Midamerica Bank and tru
Looking at. We have not looked into individual transactions with the president. That was one of two reviews that was done in deutsche bank. The mirror trading and high profile of politicians elected officials review. Are you familiar with that . Chairman yellen im mott familiar with the details. Our focus has been on the safety and soundness of the operations of deutschy in the u. S. Ms. Waters i yield back. Chairman hensarling the chealed yields back the gentlelady yields back. The chair now recognizes mr. Barr. Mr. Barr thank you, mr. Chairman. Chairwoman yellen, welcome back. In terms of the plan and in terms of portfolio composition and Balance Sheet normalization, why does your plan contemplate rolling off treasury securities at a faster pace than mortgage bonds . Chairman yellen so, the differences are relatively slight. My expectation is although one cant be certain of what the prepayments of principal will be on Mortgage Backed securities that ultimately our caps on reinvestmen
The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to lifted the burden of obamacare on our economy and the finan