Private sector economists, and members of the news media for this annual gathering. As you well know, it has been our custom for nearly four decades to welcome you to beautiful jackson hole, wyoming, part of the regions served by the kansas city fed. And i look forward to returning to that setting next year. With this years online format, instead of expressing my gratitude to those who travel from around the globe to attend this symposium while managing jet lag, i will offer my appreciation to those attempting to manage local time zones with the current time no ranges from 6 00 a. M. Thursday to 1 00 a. M. Friday. This year has been an extraordinary one for Monetary Policy and central banking. Many of the issues that we talked about for some time, including the low level of Interest Rates, slower case of growth, effects of heightened uncertainty, and how to effectively communicate Monetary Policy, have been amplified by the economic fallout of the pandemic. For more than a decade, it h
Kansas citys economic symposium titled, navigating the decade ahead. Implications for Monetary Policy. Name is esther george, president of the kansas city fed. Im pleased to be joined by Federal Reserve chairman jay powell as well as many of my colleagues from the Federal Reserve and by other central bankers, academics, public and private Sector Economists and members of the news media. Foras been our custom nearly four decades to welcome you to beautiful jackson hole, wyoming, part of the region served by the kansas city fed. Returning forward to to that setting next year. Format, instead of expressing my gratitude to those who travel around the globe to attend the symposium while managing jet lag, i will offer my appreciation to those attempting to manage local time zone where the current time now ranges from 6 00 a. M. Thursday to 1 00 a. M. Friday. This year has been an extraordinary one for Monetary Policy and central banking. Many of the issues that weve talked about for some tim
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Cspanstore. Org. Next, a look at efforts to modernize Information Technology across government agencies. The House Oversight subcommittee hearing includes the chief Information Officers from the governmental accountability office, the office of Personnel Management, the white house budget office, and the education department. This is about 2 1 2 hours. Begin in 5, 4, 3, 2, and 1. Welcome, everybody, to the subcommittee on government operations. And our 10th hearing on fitara. Before we begin, pursuant to house rules, most members today will appear by webx remotely. Since some members are appearing in person, or at least this member is, let me remind everyone that pursuant to the latest guidance, all individuals attending this hearing in person must wear a face mask. Im dropping mine only to speak. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those members appearing in person. Youll only see witnesses appearing remotely on the moni
Good morning. Todays open hearing is the fourth in a series the committee is skukting to examine the intersection of Key National Security challenges and intelligence. In our prior hags we explored the rise of authoritiarianism, russian intelligence trade craft and chinas use of technology as a actual of oppression. This morning we will look at Climate Change which is the greatest longterm it National Security threat to the u. S. And affecting every dimension of National Life for decades and possibly centuries. In the unclassified 2019 worldwide threat assessment director of National Intelligence coates submitted this finding to Senate Counterparts on behalf of the the community. Quote Global Environmental and ecoology aldid he grey graduation and Climate Change are likely to fuel competition for resources economic distress and social discontent through 2019 and beyond. Climate hazards such as extreme weather, high temperatures, droughts, floods, wildfires, storms, Sea Level Rise owe s