The meeting will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. All members will have five legislative days to submit materials for the record. This hearing is for the purpose of receiving the secretary of treasurys annual report on the Financial Stability Oversight Council. Now recognize myself for three and a half minutes to give an Opening Statement. Mr. Secretary, there is your first appearance before the house after the tax cuts and jobs act has been signed into law. I want to let you know on behalf of the majority how grateful we are to you and to the president for your leadership and for helping make this act signed into law. It is truly, truly historic. After eight years of failed economic policies that led to the slowest, weakest recovery in the modern era, the economy is starting to take off. And wages are finally growing again. Consumer optimism abounds. So, how ironic but totally predictable that equity markets wo
Secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated with Economic Growth. Low Interest Rates may have benefited some on wall street but not helpful to main street. We knew the fed would face challenges when the economy took off. If youre listening, good luck chairman, you volunteer for the job. Today the economy is getting stronger due to policies of the Trump Administration. Averaging 3 growth unemployment is a 17 year low. Wages grew at the fastest
Figures out this morning. England rugby team. Ill be finding out why. Working weekend. With edinburgh and carries nearly 38 million good about any of the stories were covering this morning. Passengers a year. Just use the hashtag bbcbizlive. Start to the working weekend. Means for passengers. Morning. A pretty chilly start of the day. Pretty chilly start good morning. Have been described. Of the day. I am here at rhs wisley in surrey. Knocked off course by strong pretty chilly start of the day. Here at rhs wisley in surrey. Winds. Have been talking about snowdrops this morning. This morning. The world of film conditions at the Winter Olympics are causing problems. Are causing problems. Have been getting earlier and earlier in recent decades. Earlier in recent decades. And entertainment. Fact we have seen some milder slope style went ahead as planned, but was that the correct choice . Winters. And matts admiring the snowdrops at rhs wisley. Winters. This winter has been around where it
Members will have five days to submit material for exclusion in the record. The hearing is for receiving the secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated with Economic Growth. Low Interest Rates may have benefited some on wall street but not helpful to main street. We knew the fed would face challenges when the economy took off. If youre listening, good luck chairman, you volunteer for the job. Today the economy is getting stronger due to poli
The Digital Currency market and concerns over Marijuana Companies and banking. This is just under three hours. The committee will come to order without objection the clair is authorized to declare a recess of the committee at any time. All members have five legislative days within which to submit materials to the chair. This hearing is for the purpose of receiving the second of treasurys annual report on the Financial Stability of oversight counsel. Now recognize myself for 3 1 2 minutes to give an Opening Statement. Mr. Secretary this is your first appearance before the house. After the tax cuts and jobs act has been signed into law. I want to let you know on behalf of the majority, our grateful we are to you and to the president for your leadership and for helping make this act signed into law. It is truly, truly historic. After eight years of failed economic policies that led to the slowest weakest recovery, the economy is starting to take off in wages are finally growing again. Con