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Taken by the Federal Reserve the path depends of course on the virus it societies the crisis will weigh heavily in the medium term and poses keshl risk, very much a carbon copy, just a couple additions here and from the year, there was one other change that i will tell you about. It was that the path of the economy will depend significantly on the course of the virus. Kelly . We appreciate it. Were going to welcome in our fed panel. Mona hodges, david kelly and jim carron its great to have you all here. Ill go to you, dave, for what you think are the most important messages as we watch the markets so far showing little change from where we saw before the decision came out. Really whats happened since their june meeting is we have seen a surprisingly strong bounce, but then the viruses come back, and that resurgence is what theyre saying is this is not over we know its very uncertainty. The economy has a lot of recovery to do yet, ....
In service to others in our country. All of us have a role to play in our nations response to the pandemic. At the Federal Reserve we remain committed to using our tools to do what we can for as long as it takes to provide some relief and stability and ensure that recovery will be a strong as possible and to limit lasting damage to the economy. In recent months Economic Activity picked up as the economy began to reopen. Many businesses open their doors and factories restarted production more people of their home to engage in various activities. As a result Household Spending looks to have recovered half of the earlier decline although air travel and hotel has shown much less of a pickup. The recovery and Household Spending owes to federal stimulus paymen ....
The support also highlights problems the delivery of Economic Impact damage from authorized by the cares act. They were designed to ship of americans and get back on their feet quickly. But according to every student estimate, they still not, they can with 12 million in payments. Nearly three months after Congress Passed the cares act. As a result, many vulnerable americans have yet to read see these critical funds. The American People deserve to know how the money is being spent and if our government is doing all that they can to protect them from the coronavirus pandemic. I am deeply troubled by the findings. That the administration is seeking to evade accountability by undermining their oversight efforts. Make no mistake, the administrations refusal to cooperate with the gao is part of a broader effort to undermine ....
Payments were sentenced to dead people. Later members exchanged words of our green facemask during Committee Hearings. Good morning. Today our select committee the hybrid meeting. Some members will appear in person others may fear mostly rated via webex. Since the members are very in person, let me first remind everyone that pursuant to the latest guidance, from the house position, all individuals attending this another hearings in person should be wearing face masks. Now i did not make these rules. Thus the rules. And after this meeting, other authorities, will make a determination as to whether or not we recognize people in the hearings. He did not wear facemasks. Happen to be born and raised as of the 21st next month, 80 years in south carolina. So i know little bit about rules and i know a little bit about things. So im going to consult with them as of today i will share with the authorities. The experiences here today. So ....
Good morning. I want to welcome everybody to this hearing today. Today, our select subcommittee is a hybrid hearing as some members will appear in person and others may appear remotely via webex. Since members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this and other hearings in person should be wearing face masks. Now, i did not make these rules. Thats the attending physician rules. And after this meeting i will consult with the attending physician and other authorities, and will make a determination as to whether or not we should recognize people in the hearing who do not wear facemasks. I happen to have been born and raised as the 21st of next month, will have spent all 80 of my years in south carolina. So i know a little bit about rules and i know about and mores. So i will consult with them. As of today i will share with the authorities in the attending physician the exper ....