Gradual plate gradual pace of raising rates. Corrects inflation is not at 2 . Before we move policy get to the gold otherwise we are going to be behind. Driver, set tow to steer its ceo out of crisis. Anna a very warm welcome from us in london, i am and i words. I am anna edwards. Matt imf miller. Anna talk about the United States and houston specifically. So much of the United States energy market, a landmark hurricane, a landmark storm now earlys over texas area estimates of what kind of Economic Impact we might see here, 24 billion dollars. Stay, howhe reins to long they keep falling is going to be one of the key questions. What has this done to markets . Gasoline spread flying as harvey looms. Futures are the same. Oil steady but refineries have been flooded. More than 10 of the fuel making capacity. FarColonial Pipeline, so from houston to the east coast of the United States it seems we have no word that it is not running as normal. Certainly that would be one way that this crisis
[applause] i am going to silence my a soulful. [laughter] thanks for coming. How are we doing . This is a little intimidating to be honest first of all, do you need me to stay stationary . I will stay put but i am not good at doing that. So let me start that writing this book was a process and it was a lot of fun but it was cathartic so i have been doing some National Media that you are my neighbors and family and the first thing i feel obligated to say is in sorry if i let anybody down life has a lot of ups and downs the you have to keep sight of what is important but just to be clear i have a and had my health, my family and you are here today so are really appreciate you coming by tonight for me. So that was a little heavy for of a betty has read any of the book i take what i do very seriously but dont take myself very seriously. I can talk about anything you would like, any questions but if you listen to the station, maybe you have political stripes. I have done everything i can to
Ill take the opportunity of session. To begin this im not going to spend a lot of time on introductions, but very briefly, i have been with us from brookings, and this is a real opportunity because my co panelist, interviewee, im not sure what to call him, he has a remarkable diversity of experience with 702. I actually met matt way back when he was working on guantanamo issues once of upon a time, but subsequent to that he became general counsel at nsa and went from there to run the National Counterterrorism center which is fundamentally analytical but draws on a lot of sources of intelligence including, as i think youll hear of 702 material. So, let me start by just asking you, on a scale of one to ten, 702ortant is 702 the u. S. Counterterrorism missions and other National Security interests, and what other interests. If i can channel the movie spinal tap, i will say 11, for those of you who have seen the movie. On a scale of one to ten, in all seriousness, its very important. I go
Well leave at this point as ben carson is speaking about Housing Affordability challenges. Its a impose jum hosted by the National Housing complex. Many people i havent seen for quite some time enjoyed the meeting with some of the award winners. Now, last week hud hosted a Housing Policy Forum where i spoke about the Housing Market. It is stable, secure and sound. We must remain vigilant and very watchful and anticipate more than react. We must be prudent and practical, continue to maintain responsible ending practices. Wishful thinking cannot be our sole criteria for credit worthiness. As the economy improves we must never ignore the central role of housing in recovery. Nationally we must continue to smooth out the cycles that lead to burst bubbles and foreseeable forecclesiastes sures. We want to avoid anyone going under water or losing their home. There is always room for improvement, more stability, more growth. We still see small fluxuations in the market but dramatic highs and lo
Row lit fest starting saturday at 11 a. M. Eastern on cspan2s book tv. Treasury secretary steven mooun mnuchin defended trumps 2018 budget request for his department on capitol hill. He appeared before the house weighs and means committee. He once again called on congress to raise the debt ceiling before leaving for their august recess. This is about two hours. [inaudible conversations] [ inaudible conversations ] the committee will come to order. Good afternoon. And thank all for joining us today. Our committee is honored to welcome treasury secretary Steven Mnuchin to testify on President Trumps fiscal year 2018 Budget Proposals for the te Treasury Department. Annual hearing with the treasury secretary on the president s budget plays an incredible role in our world. It helps set the stage for collaboration between congress, the white house, and the Treasury Department. Todays conversation will help us identify in advance efforts to grow our economy, create jobs, and increase american