Military means must not be an option in this regard. The deployment of you can watch the last few minutes of the u. N. Security Council Meetings on our website at cspan. Org. Right now we go to the American Enterprise institute with remarks from jay powell, remarks from Federal Reserve board of governors speaking about Housing Finance. Some of what jay does as governor is visible to the public serving on open Market Committee and giving talks on the economy and Financial Stability. As i know from my own days from the fed, a lot of what jay and other fed governors do is behind the scenes and not very visible to the public including all the administrative work of running the Federal Reserve board and overseeing the Federal Reserve system which is a big job even when the board is fully staffed. Of course there are currently three vacant seats on the board. Jay tells me is chairing four of the seven internal board committees. He is looking for relief act in the form of new governors to fil
Hell come up for his remarks. Feds been a governor at the since may of 2012. Some of what jay does as a very visible to the public, serving on the federal and givingittee regular talks on the economy, Monetary Policy and Financial Stability. But as i know from my own days fed, a lot of what jay and other governors do is behind the scenes and is not very public, including all the administrative work of the Federal Reserve board and overseeing the Federal Reserve system, which is a big board is fullyhe staffed. But, of course, there are currently three vacant seats on board and jay tells me hes chairing four of the seven administrative committees, that hes looking forward to a regulator sometime soon in the form of new governors to fill the vacancies. Before joining the fed, jay had a distinguished career in the banking and private equity world. Theuding as a partner at Carlisle Group from 1997 to 2005. Jays interest in housing goes back a long way. At least as far back as his treasuryn
A robust, well coordinated housing system is vital for achieving these goals and for our economy. We need mortgage credit in good times and bad. Reforms have addressed some of the problems of the precrisis system, the job is far from done. It may feel comfortable but it is unsustainable. The federal governments role in Housing Finance is even greater than it was before the crisis. It is a highly concentrated market. It leaves us with taxpayer liability and Systemic Risk. It is important to learn from the failure of the old system and apply lessons from postcrisis banking reform. We need to move to a system that attracts private capital. Market forces use to increase competition and help innovation. The financial crisis and is in 2009 and the economy has just reached its expansion. We are at or near full employment. The economy is still recovering and some regions. Nearing completion of a ram to including reform to address the crisis of any and freddie remains on to do list. As memories
Some of what jay does that they governor is serving on the federal Market Committee and getting regular talks on the economy, Monetary Policy and Financial Stability. But if they know from my own base of the site, a lot of what jay and others think of is behind the scenes and its not a visible to the public, including all the administrator work of the Federal Reserve board in overseeing the Federal Reserve system, which is a big job even when it is fully staffed, but of course there are currently three vacant seats on the board and jay tells me is chairing four of the seven am looking forward to a regulator sometime soon in the form of new governors to fill the vacancies. Before joining the senate, jay has distinguished career in Investment Banking and private equity world, including a partner in the group from 1997 to may 2005. Assistance in financing the Treasury Department and the early 1990s. In preparing for this event, i came across a transcript of his confirmation hearing in 199