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
Federal reserve. Thank you, chair powell, for coming to our committee today to testify on the economy. We know youre 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 consent to deviate from the fiveminute rule. Members will be recognized during the questionandanswer succession for three minutes without objections and the Ranking Member and i will be recognized for five minutes instead of ten. So ordered. Per agreement we will reduce our time for opening remarks and both be recognized for three minutes. I know yield myself three minutes which i will not use, 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. And i want to say at the outset, im going to submit my written testimony for the record to save time. But i also want to make sure you know we wholehearte
Working with our community. We have a strong community, a very Large Community here in all counties that we have in our jurisdiction. And there are a lot of important programs that we need to do. And first of all, our first aim is to help them and introduce them in their rights. Because nevertheless, the condition in which they come here, we need to respect and be worried about their rights. Damian and one of those rights and the fact were celebrating that week is labor rights week, derechos laborales, and thats where you come in, consul rodrigo. Tell us about the role and what were doing this week for labor rights. Rodrigo navarro yeah, during this week, have the 11th edition of our labor rights week. Its an event of the council thats throughout all the country in the United States, 50 office. We promote labor rights for all the people working in this country, regardless of their immigration status. So, were paying attention to any wrongdoing by their employers, trying to catch up wit
Proposali think the has huge potential, and i think the challenges for the transaction of the exchange for services and so forth, today, still has lots of obstacles to be overcome, including that of security and privacy. Nonetheless, we look forward to observing and participating in this because i really do think it is the wave of the future. As senator tillis said, we are either going to be responding to it or actively involved and running from it. Thank you. Senator cortez . Senator thank you very much. We appreciate you being here and answering the questions. This is obviously very innovative for all of us and exciting. Have a couple of questions if you thought through some concerns many of us have. One for me is something i dealt with in nevada as the attorney generals the issue of Money Laundering. I know there is clear Regulatory Oversight we have now to address Money Laundering that comes in so many forms, but one is terrorist financing that moneylaundering supports. How will th