Were interested in having the chairman address that issue also. These are some of the major issues we will discuss, and i certainly look forward to hearing chair yellens thoughts on this. There is also growing uncertainty that we should add to the occasion. Too many mornings we hear breaking news or pick up the newspaper and find headlines we dont want to read. That appears to be a spreading cancer not only in the United States but also throughout the world. And so the uncertainty that that levels and the impact that it has on economic policies is perhaps another issue that we ought to be discussing. This morning, unfortunately, the house of representatives has a series of votes coming up shortly, so there may be some in and out of members having to deal with that as were trying to wrap up our session. Im going to try i will ask our members to try to keep their remarks and questions to five minutes. If we need a second round, we will try to accommodate that and also try to accommodate
Of your policy making and the effectiveness on your policy may be really regarding some structural changes that may be occurring in the result of the fact the result of the majority has been stagnant. And it seems to be a disconnect from some of the policy or the theory i remember learning years ago in economics that normally when you have increases in productivity, that productivity translates into higher wage levels. We have not seen that in recent years. We have seen productivity has gone up significantly more than wage levels. And if youre looking at formulating Monetary Policy, youre looking at aggregate demand and how you get that demand is income in the economy and wages. You mention that consumers are 80plus percent of it. So the more money consumers have, the stronger the economy is. And yet if it is not growing from wages, then it has to grow from them taking on debt. And yet if we look at the fact that wages have been stagnant, were seeing consumers are starting to deleverag
Minutes. If we need a second round, we will try to accommodate that and also try to accommodate those that have had to run out for votes and will come back. Chair yellen, all of us sitting up here today would love to wake up to headlines in the wall street journal, headlines in the new york times, pictures on the front page of financial times. I have all these things that highlight you this morning as person of the day. I dont expect you have that same enthusiasm waking up every morning, but were certainly pleased to have you here today. I would like to turn to congresswoman maloney, our Ranking Member, and mr. Teaberry and ask him to take a moment to speak to us as the new congressman. Thank you, ms. Yellen. I look forward to your testimony in advance of the Congress Meeting in which you will decide whether or not to raise the federal funds rate. I am interested in hearing your perspective on the following issues and others. What Current Trends do you find most important do youin help
This country have been by Health Care Workers who were treating a very sick ebola patient. So to the extent there is panic, i would encourage panicked individuals to consult the scientific facts and understand that the risk that is facing the average american, as dr. Fauci said yesterday, is vanishingly low. Does ron klain have any plans to go to new york or new jersey to meet with officials there . I dont anticipate that he has plans and just one more, josh. According to polls three of the hardestfought states, iowa, colorado and arkansas, show republicans with a onepoint lead. How much responsibility does president obama bear for this moment, the fact that democrats are [inaudible] [laughter] i think, as i mentioned onepoint lead eight days out. Yeah. I guarantee if democrats had a onepoint lead in those states, i wouldnt be bragging about it. What i will tell you is even though theyre states that, at least one of them that you named is a state that is considered a red state, but let
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