The hearing will come to order. Thank you for coming to the committee today to testify. We know you are on a tight schedule and in order to keep you on schedule and ensure all members have an opportunity to ask questions i ask unanimous can send members will be recognized during the question and answer session for three minutes. Without objections ordered in the Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers
The Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers and to foster a healthy sustainable economy that works for all americans and with that i will yield to the Ranking Member. It is an honor to have you before this committee as the chairman of the committee has said its been many years since the researcher man has been here and now we are delighted to have you. I will submit my opening comment for the record so
That european equities are largely on holiday and think that trend does actually continue. The stoxx 600 is down by 1. 1 today. Theres a big china effect, but in this youre looking at names like hsbc, which has a u. K. Effect as well, but also a chinese effect. Plus some of the miners acting as a little bit of a drag. So stoxx 600 down, maybe moving away from that 460 level. The names that i think are actually interesting today speak kind of against that narrative. The european consumer seems to be alive and well right now. The u. K. Consumer seems to be alive and well right now, which is surprising considering what is being chucked at them. Marks and spencer, the stalwarts of the british high street, has been revamping its stores, refining its strategy. Its beginning to work. Theyve upgraded their numbers. But its interesting, its not just in clothing. Its also in high end groceries as well. This is fascinating. This was unexpected. Marks and spencer responding to it. Look at that sha
How to protect the truth. And we are grateful for that. Thank you so much. Thanktonight. Im very excited to welcome the kilgore oil celebrating the release of his novel live to see the day. Coming of age in american poverty. Nick nikhil goyal is a sociologist and policymaker who served as a Senior Policy Adviser on education and children for chairman. Senator bernie. Senator Bernie Sanders on the u. S. Senate committee on health, education, labor and pensions are in committee on the budget. He developed education child care and Child Tax Credit, federal legislation as well as a Tuition Free College program for incarcerated people and correctional workers in vermont. He has appeared on cnn, fox and msnbc and written for the new york times, washington post, wall street journal, time, the nation and many other publications. Goyle earned his b. A. Goddard college and a master of philosophy and ph. D. At the university of cambridge. The kill will be joined today in conversation tonight by B