That makes some sense to me. They are not systemically important. I dont know what that would be. My strong preference would be we continue to add meaningful stress testing for them. Its a successful tool. Warren i want to followup on the question about full employment. Congress gave the Federal Reserve a dual mandate, to pursue maximum employment and keep prices stable. The Unemployment Rate is 4. 1 . 4 in thet will get near future. An Unemployment Rate this low would have been considered full employment. That would be good news for the workers. That should be accompanied by higher wages. Wages of barely budged. Let me start by asking, given that wage growth is so weak, is the labor market full employment . Jerome powell full Employment Concept sort of precise in our thinking. A number of indicators would suggest we are at around full employment. I will point to a couple that suggest there is more room for growth area that would be growth area did growth. There is no sense that the ec
Below 100 billion from stress testing, so that makes some sense to me. Banks are not systemically important. Between 1 and 250 well do Something Else my strong preference will be that well continue to have meaningful stress testing for them because i think its a successful tool. Ing. Thank you senator warren. Thank you, mr. Chairman so i want to follow up on senator browns questions about full employment as you know Congress Gave the Federal Reserve a dual man date to pursue maximum employment and to keep prices stable the official unemployment rail is now 4. 1 . Many economists are predicting the rate will dip below 4 in the near future, and an Unemployment Rate this low in the past would have been considered full employment which would be good news for the workers that should be accompanied by higher wages. But wages have barely budged so let me start by asking, mr. Powell given that wage growth is so weak do you believe that the labor market is currently at full employment . Full em
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
The speaker pro tempore the as are the 225, its nays are 187, one voting present. The journal stands approved. The chair announces the speakers appointment pursuant to section 5 of the Frederick Douglass bicentennial Commission Act 11577 and the order of the house january 3, 2017 on the part of the house to the Frederick Douglas s bicentennial commission. The clerk mr. Harris of maryland and from private life, mr. Joseph man and trotman. I ask unanimous consent to take Senate Concurrent Resolution 31 and ask for its immediate consideration in the house. The speaker pro tempore the clerk will report the title of the concurrent resolution. The clerk Senate Concurrent Resolution 31, authorizing the use of the rotunda of the capitol for a ceremony to award the congressional gold medal to bob dole. The speaker pro tempore is there objection to consideration of the concurrent resolution . Without objection, the concurrent resolution is goode to and the the motion to reconsider is laid on the
Is brought to you today by your cable or satellite provider. Next, the debate from the u. S. House on the continuing resolution to keep the government funded through january 19. Is 30 minutes. Appropriations. The chair recognizes the gentleman from new jersey. Mr. Frelinghuysen i rise and offer this amendment and yield myself such time as i may consume. The speaker pro tempore the gentleman is recognized. Mr. Frelinghuysen i present house amendment to the Senate Amendment to h. R. 1370. This legislation keeps the government fully open, funds Important National Security Priorities and temporarily extends critical Government Programs like the Childrens Health Insurance Program, the National Flood Insurance Program and section 702 of the foreign Intelligence Surveillance act. This is our duty to the American People to keep them secure and to ensure they have access to Government Programs and services they depend on. The house must pass this bill now, today, without action on this bill exi