Question and i certainly understand. Congress has given you this authority and this directive. Should congress not also have oversight over that authority in which weve given you . Chair yellen congress, of course, has oversight over our conduct. Rep. Mchenry you agree both domestically and internationally that we should have oversight over those rulemaking activities. In accordance with that, i sent you a letter from a couple weeks ago. Thank you for the reply. I dont actually like the contents of it, but thank you for replying in a timely fashion before the hearing. I asked for your assurance about your participation in these International Agreements for you to posit and tell the new administration, who has a markedly different approach to and has got their appointees in before you finalize any discussions internationally. Chair yellen you know that nothing is a rule that is effective in the United States until regulatory agencies have gone through a normal rulemaking process. Nothin
Is authorized to declare recess of the committee at any time come in all members will have five legislative days within which to his extraneous materials for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governorboard of govere Federal Reserve system. On the conduct of Monetary Policy and the state of the economy i now recognize myself for three minutes to give an opening statement. After eight years in the largest Monetary Policy stimulus in the history and the most unconventional Monetary Policy in our history, americans recently received disappointing Economic News yet again. It is official, the economy grew at a measly 1. 6 in 201 2,016thn our historic norm is twice that. That takes eight years of subpar growth in eight years of stagnant paychecks and eight years of him replenish savings. Notwithstandinnotwithstanding tn that the fed to come and notwithstanding the personnel. After eight years, there is a
Is authorized to declare recess of the committee at any time come in all members will have five legislative days within which to his extraneous materials for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governorboard of govere Federal Reserve system. On the conduct of Monetary Policy and the state of the economy i now recognize myself for three minutes to give an opening statement. After eight years in the largest Monetary Policy stimulus in the history and the most unconventional Monetary Policy in our history, americans recently received disappointing Economic News yet again. It is official, the economy grew at a measly 1. 6 in 201 2,016thn our historic norm is twice that. That takes eight years of subpar growth in eight years of stagnant paychecks and eight years of him replenish savings. Notwithstandinnotwithstanding tn that the fed to come and notwithstanding the personnel. After eight years, there is a