Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p
All right. The task force will now come toward her. Financial services, threats, challenges, and opportunities. The chair will recognize itself for four minutes for an Opening Statement, thank you everyone for joining us today for what should be a very interesting hearing of the task force to explore the j dangers of threats for ai. Ai is making it easier for criminals to religion is criminals activities and how we can safeguard one of the most important things in our account economy which is already the preventative right is an important problem in Financial Services in 2018 alone, almost 15 billion is asserted to have been stolen from consumers online. This does not include more indirect future cost of having a compromised identity. Today, criminals have lots of tools at their disposal, to get sensitive Consumer Financial data. And, there is a complicated situation a member of Congress Finds themselves in that we go to briefings like the one i have just seen from ms. Walraven. Just h
Financial services, threats, challenges, and opportunities. The chair will recognize itself for four minutes for an Opening Statement, thank you everyone for joining us today for what should be a very interesting hearing of the task force to explore the j dangers of threats for ai. Ai is making it easier for criminals to religion is criminals activities and how we can safeguard one of the most important things in our account economy which is already the preventative right is an important problem in Financial Services in 2018 alone, almost 15 billion is asserted to have been stolen from consumers online. This does not include more indirect future cost of having a compromised identity. Today, criminals have lots of tools at their disposal, to get sensitive Consumer Financial data. And, there is a complicated situation a member of Congress Finds themselves in that we go to briefings like the one i have just seen from ms. Walraven. Just how massive the problem is and the techniques that ar
We are delighted youre here today. This committee has jurisdiction over the department of energys vitally important science and Energy Research and development activities. The laboratories and facilities , so i hope we see you more frequently and i look forward to working with you throughout this congress. With the budget season mostly behind us, id like to bring just a few minutes and a few items to your attention. Ill start with the good news which is that despite the administrations best effort to make cuts across the board to deo research and Development Programs most faired well in the house of representatives. Im particularly pleased to see the increases to the budget for arpae and the long Programs Office both of which have yielded truly transformative results for Energy Technologies of all types. Im also quite happy that the house supported a substantial increase in the International Fusion project which i advocated for as well. I went to visit that project a couple years ago,