Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Along with several other members of our committee come of hr 2650, the payment choice act of 2019, a bipartisansupported bill, which would require merchants to accept cash. This legislation, i believe this article, because parts of the country and both leroux and orbit areas are more dependent on the both rural and urban areas are more dependent on the cash economy could i have run out of time did i encourage you to support this bill could thank you, chairman powell. Thank you, chairwoman waters, i yield back. Rep. Waters mr. Hines, you are recognized for five minutes. Thank you. That i would like to explore with you, and the first, who is the beneficiary of the billions of dollars that have been localized in the rescue . Chairman come as you know, people can do three things with money, buy stuff, rent, insurance, raw materials, keep people employed, pay wages, and third, it can serve as a capital structure. It can issue dividends. Chairman powell, as you know, in the Paycheck Protecti
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Major funding for the pbs nehour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Consumer cellular offers nocontract wireless plans that are designed to help you do more of the things you enjoy. Whether youre a talker, texter, browser, photographer, or a bit of everything, our u. S. Based Customer Service team is here to find a plan that fits you. Learn more, go to coumercellular. Tv the john s. And james l. Knight foundation. Fostering informed and engaged communities. More at kf. Org. And with the ongoing support of these institutions and friends of the newshour. This program wa possible by the corporation for public broadcasting. And by contributions to your pbs statn from viewers like you. Thank yo woodruff the coronavirus pandemic has reached a deadly new high, just over four months after it began. The worlide death toll passed 100,000 today. Ig thate included some 18,000 deaths in the United States,ed nearly dourom a week ago. Meanwhile,
Hello and welcome to the program. Im the focus for you is israel and took a has been crucial trading partners. It was a commercial relationship with 87000000000. 00 a year. But these are all one gossip change to about. The tuckers government has been demanding a hold to the violence. This code, at least 35000 palestinians, and anchor has condemned israels decision to block its aid meant for gauze at last month. President measure the time other one is now announced a truthful tre, bad until israel agrees to cease fire. But hows he acted on the domestic pressure after set back in local elections was partly blamed on the country continuing to do business with this route. And how will this affect the economies of both sides well get to wont get shortly. But 1st, the support from culture lopez party on auto loading the onto your delivery, the old to ties between israel and through key. You have hit a new low. The turkish government has suspended all imports and exports transactions with isr