The majority of the world Central Banks are exploring digital currency. Most were puns for centralbank digital currency could function like u. S. Dollars. They could be widely accepted as an alternative to cash in an increasingly cashless society. A digital currency could give access to the financial system to the unbanked and may increase the efficiency of financial transactions. At the same time the adoption of digital currency could be truly disruptive to existing financial situations. Should the fed launch a digital currency, Governor Waller will give a speech discussing his views on this important issue. A quick note on the run of show Governor Waller will give his speech for around 2025 minutes, then he and i will have a discussion about this topic. Then we will take questions from you. You can submit your questions using twitter askaeiecon. Or you can email your questions to my colleague, marianna mitchell, whose Email Address is on the webpage for this event. Let me briefly int
Access to the financial system to the unbanked and may increase the efficiency of financial transactions. At the same time the adoption of digital currency could be truly disruptive to existing financial situations. Should the fed launch a digital currency, Governor Waller will give a speech discussing his views on this important issue. A quick note on the run of show Governor Waller will give his speech for around 2025 minutes, then he and i will have a discussion about this topic. Then we will take questions from you. You can submit your questions using twitter askaeiecon. Or you can email your questions to my colleague, marianna mitchell, whose Email Address is on the webpage for this event. Let me briefly introduce Governor Waller. Christopher J Waller took office as a member of the board of governors of the federal Reserve System on december 18, 2020 to full a term ending in january of 2030. Prior to his appointment to the board, dr. Waller served as executive Vice President and d
For a banking oversight hearing. They were asked about predatory lending practices, Overdraft Fees, and the impact of climate change on the Banking System. This is just under two hours. [inaudible conversations] the committee on banking, housing and urban affairs will come to order. We have a hearing which follows Anothers Love of the meetings this point so we will move quickly on the nomination, to ask my colleagues before we start i want to make when investment. As my colleagues to work with the governors and local officials to get the eviction, the Eviction Assistance out faster. I spoke yesterday to my longtime friend mike dewine, governor of ohio, about this. And whether you support the Rescue Plan or not. Its aboard these zones get up the dorsal people are not addicted to ask you to do whatever you can in your state here the money went to state governments and to large county, large cities within your state. Today we will quickly consider the nomination of Damon Smith to serve as
Subcommittee on Diversity And Inclusion held a hearing on financial institutions and their treatment of minority communities. The committee looked at the racial Wealth Gap through homeownership, environmental racism, and financial help for small businesses. The subcommittee will come to order without objection. The chair is authorized to declare a recess of the subcommittee at any time without objections. Members of the full committee, not part of the subcommittee are authorized to participate in Todays Hearing. With the high Breed Format of this hearing, we have some members and witnesses participating in person, and others on the webex platform. I would like to remind ole members participating remotely to keep themselves muted when they are not being recognized. The staff have been instructed not to mute members except when a member is not in recognized, and there is an inadvertent background noise. Members are also reminded that they may participate in one promotional proceeding at
The subcommittee will come to order without objections. The chair is authorizes to declare a recess of the subcommittee at any time. Without objections members of the full committee not on this subcommittee are authorized to participate in Todays Hearing. With the Hybrid Format of this hearing, we have some members and witnesses participating in person and others on the webx platform. I would like to remind all members participating remotely to keep themselves muted when not being recognize. The staff have been instructed not to mute members except when a member is not being recognized and there is an inadvertent background noise. Members are also reminded that they may participate in one remote proceeding at a time. If you are participating remotely today, please keep your camera on. If you choose to attend a different remote proceeding, please turn your camera off. The hearing is entitled the legacy of George Floyd and an examination of financial services Industries Commitment to eco