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Positive impact on very sicko individual patients. And of course, jim, we had the announcement today that the fed will begin buying individual Corporate Bonds, not just the etfs that hold those bonds but the actual bonds themselves. That certainly helped. Whats your take this morning . Well, look, i think each one of these can be debunked took this drug for two months. It was okay. I switched to prednisone suddenly we discovered this was a big breakthrough what were the doctors doing . Did all o...

I think Everybody Knows that. The impact is disproportionally on the poor and it could widen economic and equality, so something needs to be done. Government spending has helped but Public Confidence we key. You have to believe that you will be safe to go out. He says inflation will be low, and the fed has helped market functioning with its lending programs. They will keep buying agencies and treasuries, at the current pace, and then they will wind down with the crisis ending. The key point seem...

Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide r...

Protected civil rights writ large. So this is going to require a longterm bipartisan commitment. But not just from us in washington but folks in the state capitals, city halls, and Police Departments across the country. Because ultimately its the local officials that have the responsibility to hire and fire the police chief, to make sure that bad Police Officers are removed from the force. And thats where the nearterm responsibility needs to lie, because we dont have that capability here. But we...

Youre not the dominant race you are excluded from the courts and education and access we as a country try to you are wrong. We are not done with the journey almost every delegation under every flag everyone marching looks like. Until the United States marches in and you see this great diversity of athletes and it reminds us again in the past ten days should remind us we are not done so to do the hard work with their own families and do that legislative work that needs to be done to make progress...

They are out of session for the entire month of june. The Democratic House of in town. It is critical to fighting the war against terrorists. The. Its most important funding the military. It is a piece of legislation the senate will process during the upcoming weeks in a month of june in fact it would probably take a good week to move across the floor of the senate. Theres nothing more important or critical to the National Security of the United States. We are passing a major parks built that wi...

Of blame for the outbreak in the early spread of coronavirus of the coronavirus, no question they deserve a lot of blame for the outbreak and the early spread and their lying about it. But keep in mind that were 5 of the worlds population and 30 of the deaths from the coronavirus have been americans. This president continues to make excuses and point fingers, and the compliance, always obedient, sheeplike members of the Republican Caucus conference in the Senate Continue to stay quiet, continue ...

Welcome, everybody, to our hearing. Both those in the room and those that arent in the room. Before we start, i think its important, again, to note whats going on all around us, and that is the acknowledgement of Racial Injustice that has gone on for far too long in our country. I certainly support those who are speaking out and making their voices heard in a peaceful manner to bring about change. While change does not always come easily, i want to remind those watching this hearing today that c...

Before we proceed to todays hearing id like to take a moment to recognize last monday was memorial day. It was a different memorial day for me and other americans than normal and it was more difficult for us to gather together. But last monday gave us an opportunity, an opportunity that we should take every day to pause and remember the brave americans who gave their lives in defense of our country. And we honor the sacrifices they made to keep us free. While let me start by saying that the vete...

We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribe...