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
We have seen the ratio of the dow to the nasdaq. The dow has been gaining disproportionately and add a record, approaching 22,000. Movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 components have now reported and 70 companies have beat analyst sales estimates. About 5. 5 ing at earningswth and 10 growth, so continuing to see gains that are better than estimated. As for some of the highlights to the upside and downside, we have sprint as one of the best performers after the Telecom Company came out with a surprise profit after subscribers dropped. We got the story in the loss bash in the last hour that softbank might be interested in looking at dish network. That could be a potential murder potential merger target. On the flipside, we have under slashinghat company its forecast for the second half of the year. That was broadly expect it. Also protest also projecting weaker gross margins. Mosaic is forecasting a tighter margin,
We have seen the ratio of the dow to the nasdaq. The dow has been gaining disproportionately and add a record, approaching 22,000. Movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 components have now reported and 70 companies have beat analyst sales estimates. About 5. 5 ing at earningswth and 10 growth, so continuing to see gains that are better than estimated. As for some of the highlights to the upside and downside, we have sprint as one of the best performers after the Telecom Company came out with a surprise profit after subscribers dropped. We got the story in the loss bash in the last hour that softbank might be interested in looking at dish network. That could be a potential murder potential merger target. On the flipside, we have under slashinghat company its forecast for the second half of the year. That was broadly expect it. Also protest also projecting weaker gross margins. Mosaic is forecasting a tighter margin,
We have seen the ratio of the dow to the nasdaq. The dow has been gaining disproportionately and add a record, approaching 22,000. Movement has to do with earnings sales and if you look at the tally on the bloomberg, we have 315 of the 500 components have now reported and 70 companies have beat analyst sales estimates. About 5. 5 ing at earningswth and 10 growth, so continuing to see gains that are better than estimated. As for some of the highlights to the upside and downside, we have sprint as one of the best performers after the Telecom Company came out with a surprise profit after subscribers dropped. We got the story in the loss bash in the last hour that softbank might be interested in looking at dish network. That could be a potential murder potential merger target. On the flipside, we have under slashinghat company its forecast for the second half of the year. That was broadly expect it. Also protest also projecting weaker gross margins. Mosaic is forecasting a tighter margin,