Navy veterans who took part in the battle, and sunday at 4 00 p. M. Eastern on reel america, the film dreams of equality featuring a recreation of the 1948 womens rights convention. American history tv, all weekend, every weekend. Only on cspan3. The cspan bus is traveling across the country on our 50 capitals tour. We recently stopped in baton rouge, louisiana, asking folks whats the most important issue in their state. The number one issue facing my district continues to be flood recovery. In baton rouge, we had a historic flood in 2016, and my district was heavily impacted. My citizens in my district right now are forced to deal with issues regarding fba loans, the federal government considers those loans to be a duplication of benefits, and right now were having trouble getting those families the necessary dollars to recover because with our staterun program, they have to deduct the amount that they received through the sba loans. So now, our recovery has been stalled because of th
This morning we will consider the nomination for the chairman system. Ederal reserve governor powell, welcome and congratulations on your nomination. I see friends and emily behind you and i welcome them here as well. Governor powell has had an accomplished public and private career in financial services. He served as an assistant secretary and undersecretary secretary of the treasury under george h. W. Bush, where he was responsible for policy on Financial Institutions and the treasury debt market among other areas. Firsthand experience in Investment Banking and was a partner of the Carlyle Group before being appointed to serve on the board of governors and 2012. During his years of service and government and in the private sector, governor powell has proven he is qualified to lead the fed. If confirmed, he will plan a part role in striking the important balance the tweening need for a safe and sound Financial System and the need to promote the vibrant, growing economy. Of the past on
He took questions from members of the Senate Banking committee about his overall philosophy on Monetary Policy and the role of the fed chair. Senator mike crapo chairs the committee. And the committee will come to order for the hearing. [gavel pound] this morning we will consider the nomination for the chairman of the Federal Reserve system. The chairman system. Ederal reserve governor powell, welcome and congratulations on your nomination. I see friends and emily behind you and i welcome them here as well. Governor powell has had an accomplished public and private career in financial services. He served as an assistant secretary and undersecretary secretary of the treasury under george h. W. Bush, where he was responsible for policy on Financial Institutions and the treasury debt market among other areas. Firsthand experience in Investment Banking and was a partner of the Carlyle Group before being appointed to serve on the board of governors and 2012. During his years of service and
On Economic Optimism around tax reform. This is an appropriate week for that last one. Basically inline, isn manufacturing index, month of november. Major averages, not much of an influence. We are looking at a small decline. In recordt putting highs. We have had several record highs in a row for the dow, but this is the first down day in six for the dow, at least right now. The tech heavy nasdaq down nearly half a percent. This week has been about a lot of volatility. As you look at the fiveday chart of the nasdaq 100, monday and tuesday flat, and a big on wednesday, a tech selloff. A bit of a rebound yesterday. Now, we are looking at a drop again. The nasdaq down about 1 . The dow one pays for its best week of the year. A do in terms of volatility. About 15, closer to 16. The s p 500 vix closer to 11. Interesting to see how all of this plays out. Volatility tends to breed volatility. There may be more intraday and closing day moves ahead. We do have november auto sales out. A bit of
Secretary and undersecretary of the treasury under president george h. W. Bush. Where he was responsible for policy on Financial Institutions and the treasury debt market among other areas. He also has firsthand experience in Investment Banking and was a partner at the Carlyle Group before being appointed to serve on the board of governors in 2000 twelve. During his years of service in government and in the private sector governor powell has proven hes qualified to lead the fed. If confirmed hell play an Important Role in striking the proper balance between a safe and sound Financial System and the need to promote a vibrant, growing economy. Over the past year ive been encouraged to see the federal regulators carefully evaluating current laws and regulations. Governor powell has shared specific areas in the past. Where the fed believes some laws and regulations can be changed to alleviate burden, including the culver rule, stress tests and resolution plans among others. Several weeks a