[gavel pound] the committee will come to order. Today we will receive testimony from Federal Reserve chair janet yellen, regarding the feds semiannual report to congress on Monetary Policy and the state of the economy. It will come as no surprise to you, chair yellen, that improving Economic Growth is a key priority for congress this year. Priority for congress this year. 2016 was the 11th Consecutive Year that the us economy failed to grow by more than three percent. One way to improve our Economic Growth is to study and discuss areas where regulations can be improved. Since the financial crisis regulators have imposed thousands of new pages of regulations. We all need to better understand that combined impact of these rules on lending, liquidity, cost for small Financial Institutions and broader Economic Growth. It is time to reassess what is working and what is not. I am encouraged by President Trumps executive order on Core Principles for regulating the Financial System. Directing
It is 2 and a half hours. The committee will come to order. Today, we will receive testimony from janet yellen regarding the feds semiannual report to congress on Monetary Policy and the state of the economy. It will come as no surprise to you that improving Economic Growth is a key priority for congress this year. Was the 11th Consecutive Year that the u. S. Economy failed to grow by more than 3 . One way to improve our Economic Growth is it to study and address areas where regulations can be improved. Since the financial crisis regulators have imposed thousands of new pages of regulations. We all need to better understand the combined impact of these rules on lending, liquidity, cost for small Financial Institutions, and broader Economic Growth. It is time to reassess what is working and what is not. Im encouraged by President Trumps executive order on Core Principles for regulating the Financial System. Directing the treasury secretary in consultation with the heads of the other mem
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