Stay updated with breaking news from Sofer libor. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time and all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record. This hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three and a half minutes to give an Opening Statement. Notwithstanding the greatest monetary and fiscal stimulus in your nations history, the economy has limped along for eight years, arch averaging only 1. 6 gdp growth. Savings failed to recover from the 2008 financial crisis. A new phrase was coined by leftleaning academics in an attempt to rationalize ....