We try not to opine on whether theyre correct or theyre not correct. But on, as you asked what the potential spillovers or impacts on Financial Stability could be of asset price revaluations, my assessment of that is that as asset prices have moved up, we have not seen a substantial increase in borrowing based on those asset price movements. We have a Financial System, a Banking System thats well capitalized and strong, and i believe its resilient. Okay. Thank you. Time of the gentle lady has expired. The chair now recognizes the gentleman from missouri, mr mr. Lucamire, chairman of the subcommittee. Thank you, mr. Chairman and thank you, madam chair, for being here today. As chairman of the Financial Institutions subcommittee, my concern is the oversight by the various Financial Services agencies. Chair yellen, when it comes to the feds supervisory role, i renew my call and the call of so many colleagues that the fed take a more measured approach and withhold any new regulation until
Economic condition and possible fed actions in the future. You look like nervous. Im much more nervous, like yeah. Yeah. At work it will be eight or nine days away, but it can happen any time. I hope so. Im better than that. Lets talk about schedules. The committee will come to order without objection and they declare a recess of the committee at any time. All members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony and the board of governors on the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three minutes to give an opening statement. Since we last convened to take chair yellens on Monetary Policy, headline remains low as does inflation, but the headline Unemployment Rate still rests too much on an incredibly low Labor Participation rate and regrettably high disability payment Participation Rate.
Our opening speaker, his excellency xi jinping, president of the peoples republic of china. Im so delighted that you can join us, that youve accepted my invitation which i issued over a year ago. President xi, a warm welcome to you. For signposts in a complex world, for the past several years, the chinese economy has made impressive achievement, both in terms of lifting people out of poverty and transforming industries to form in opening up. In your leadership, mr. President , channel is also an everincreasing active role in global affairs. From Climate Change to reforming the global government, i would like to pursue successful leadership of the chief 20 summit in your presidency last year. Today in the world marked by great uncertainty, the International Community is looking to china to continue its responsive leadership in providing all of us with confidence and stability. Personally, i would like to use this opportunity to thank you for your continuing support. Ladies and gentlemen
Key bridge around 11 30 last night. No word on the identity of that person. Developing overnight in Prince Georges County a massive fire rips through a home in lanham. This is along the 9500 block of annapolis road near forbes boulevard. Despite what appeared to be a large fire, the flames were quickly put out. Fire crews cleared that scene around 4 45 this morning. No word yet on a cause nor if anyone was hurt. Also happening today, a woman arrested three times on the white house complex in just six days is back in court. Fox5s Melanie Alnwick live outside the Treasury Department where that woman was most recently arrested. Melanie, good morning. Reporter good morning, guys. And yeah, tuesday, friday and then again on sunday, this would be fence jumper just isnt giving up so perhaps a judge today might hold her a little longer this time. Lets take you to what happened here on just on sunday. 38yearold Marcy Anderson wall of everett, washington, she was arrested again sunday climbed a
Woodruff and, a forgotten generation. The challenges of educating syrian children in the middle of war. All that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by bnsf railway. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff President Trumps top diplomat is now in russia, at a moment of high tension. It centers on last weeks u. S. Military strike on syria, after the regime launched a chemical weapons attack on its own people. Chief Foreign Affairs correspondent Margaret Warner reports on this days events. Reporter secretary of state Rex Tillerson arrived in moscow this evening on the heels of some tough talk about syria at the group of seven meeting in italy. Russia has really aligned itself with the assad regime, the iranians and hezbollah. Is that a longterm alliance that serves russ