[background noises] Lieutenant Governor alder, lieutenants weiner, as majority leaders grind bergen greenwell. Members of the 219th legislature including that rocking escort group that came in with me, chief justice rovner, associate justices of the Supreme Court, judge grant, members of the cabinet, former governors florio different tesco and cody. Charlie and sam thanks for bringing the first lady. [cheering] the state leaders, veterans, members of organized labor, honored guests and my fellow new jerseyans. Five weeks ago today, our state was shattered by the gunfire of antisemitism and hate. In jersey city, the heralded police protected us. Joseph seals and three innocent people were murdered. And what we now know was an act of domestic terror, fueled by a vicious and unjustifiable hate. This was an active hate against the jewish community, and Law Enforcement, but it impacted everyone. Hundreds of schoolchildren and their educators were held in lockdown including in a Catholic Sch
Position and as you know, without a fallback language or some appropriately established safe harbor, until a new reference rate can be used significant legal problems and challenges are likely to occur. So with this in mind, as libras scheduled end nears and so far and so far is a secured overnight Financing Rate apparently will take its place, tell us, chairman, what can we do what can be done to accommodate the numerous contacts that do not have fallback provisions . Thank you, mr. Scott. You said it very well. This is a i think there are 300 trillionplus in contracts referencing libor in five different currencies the manipulation was revealed really almost a decade ago, and i think the financial conduct authority, which supervisors the libor banks has said its an important day as the fed chair testifies in front of the House Financial Services committee. Im Carl Quintanilla with deer ra bow is a here got some record highs here the chair has discussed several things, facebook, libra,
The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. He has said the fed, quote, doesnt have a clue, quote, unquote, called it the most difficult problem for the u. S. According to media reports, he discussed firing chairman powell because of policy he doesnt agree with. Lets be clear, it is essential that the Federal Reserve maintain its independence from the executive branch. So i urge chairman powell and other Federal Res
Important work about the 115,000 members of the department of justice. As you can heard me say many say manyheard me times, this president was elected to make america safe again. That mission has never been more important. Say many times, this president was that message was made it very clear and reiterated again to when president , trump spoke to the graduation. This is the first time a president has spoken to the graduating class of the fbi academy in 47 years. The mothers and fathers of those that were brutally slaughtered by the ms13, i ve talked to them. Ive heard from state and local Law Enforcement go to work every day, not knowing whether they might come home, like the brave officers responded to reports of gunshots and were shot in the chest yesterday in st. Louis. The are so thankful they were wearing bulletproof vests and survived. It is another reminder of how dangerous these are these jobs are, and how grateful americans should be to Law Enforcement and their families. I a
Is here. U. S. Commission on civil rights now. We will have with this later today both representative and representative derek kilmer. Expect we allas i do, that in this building there can be some challenges. We will bessed that able to have both congressional representatives with us. We also have several former commissioners. Dena titusntative with us. Thank you very much. Two fellow commissioners on the eooc. Eeoc. Thank you for coming. I understand that susan eisenhower, who is the granddaughter of president eisenhower, who in 1957 signed the u. S. Commission into existence. Thank you for that, for joining us. We have john fore, acting assistant gore acting assistant attorney for civil rights and the officer for civil rights and Civil Liberties at dhs and also probably a former Virginia State Advisory Committee member for the u. S. Commission on civil rights. We have several of the u. S. Commissions regional staff who traveled to be with us from california, missouri, and illinois. T