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Virus. This is two and a half hours. This hearing will come to order. This thing is another remote hearing by video. A few Video Conferencing for minors youre probably health used to these. Once you start speaking, there will be a slight delay before years displayed on screen. To minimize the background noise, please click the mute button until it is your turn to speak or ask questions. Theres a Technology Issue we will move to the next senator until resolved. I remind all senators there is a five minute clock that still applies and should be on your screen. At 30 remaining i will gently tap the gavel sometimes i forget to do that but i will try to do that better today. And remind you that your time is almost expired. To signify the process well get it rated to go by seniority for this hearing. Today Federal Reserve ....
Two million for the nante straight week. And the fed could hold further guidance until the fall. B. O. J. Upped the board for Small Businesses. The question you may be asking yourself in the market today is where the focus will shift in todays session from reopening to escalation. Hong kong very much the focus over the abandonment of the growth target for this year which was widely anticipate. The central bank that we learned overnight is india unexpectedly cutting rates with g. D. P. Set to shrink. We had that note from goldman talking about the worst recession ever in the Second Quarter for india. Weve got a 40basispoint rate cut to 4 from india today. Little bit of weakness in the rupee. In terms of the broader market, youre seeing the hang seng lead those losses in asia there is red on the screen across asian markets. Also u. S. And european futures pointing to a lower ....
This morning we will consider the nomination of the honorable jerome or j powell to be chairman of the board of governors of the Federal Reserve system. Governor powell, welcome and cleationings on your nomination. I see friends and family behind you and i welcome them here today as well. And public and private success tore career and Financial Services, he served as an assistance secretary and undersecretary of the treasury under president jorntle h. W. Bush and Financial Institutions and a treasury debt market and understand experience in Investment Banking and was a partner at the Carlisle Group before board of governors in 202 during years of service in government and in the private sector ....