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The goal of assuring Economic Growth as part of it, particularly as it is felt by as Many Americans as possible . Is that the tile of goal we should be forcing . Yeah, you want the economy to grow and you want everybody to benefit from that. And when we did this bill, as i said earlier, we had four principles, these are the things you should consider. That the market is a more efficient allocator of resources, the ways and Means Committee and finance figured out we should do this or that activit...

Monitor conditions on the island. The same United Nations that did nothing when cuba, last year, was caught helping north korea of aid un sanctions. This entire policy announced today is based on an allusion. On a lie. The lie and the allusion that more access to goods will translate to Political Freedom for the cuban people. All this is going to do iis give the castro regime which controls every aspect of human life the opportunity to manipulate, to perpetuate itself and power. These changes wi...

The saudis have been very aligned after 9 11. This is a turn. I decided im going to go and represent the president in saudi arabia. So i have never been. I called everybody. The state department. The cia. Everyone would get me ready. They are consistent in one thing. Absolutely, you can go. The saudis will view it as insulting because you are a woman. I dont know, how would i know . So i wait for my right moment to approach president bush and say to him, looked this is what i have been told. And...

One of the great things about the political process, there are things today that may not be realistic that tomorrow would become realistic. I would note, if we got in the Michael J Fox the lori and and and set of october 2014, we went back to october 1980, when Ronald Reagan was running for president if i told you then that if reagan gets elected, he will pass fundamental tax reform which with the democrats and tip oneill, he will cut the top marginal rates from 77 to 28 . The economy will grow ...

This sandrule what steps if any you have taken on this rule to make sure consumers are fully informed. I believe that is under the protection jurisdiction. We havent been actively involved in it. I do meet regularly with the director of the Consumer Financial Protection Bureau to make sure that were not at odds, and were also member of the committee together, which allows us to Exchange Ideas at that level. But were not directly involved in that. Im sure that youre focused more on Real Estate Le...

Answer to that question. I wish to yield a brief moment to the Ranking Member. Thank you, mr. Chairman. I, too, would like to welcome director mel watt to the hearing today. I was somewhat torn when he received this appointment. While i know, and always knew, he would do a great job at fhfa, i knew i would miss him on this committee. Not only because he was such a thoughtful, well prepared member of the committee, i could count on him as the one person who had read every line of the bill. Melmel...

Investment is advancing while the recovery in the housing sector remains slow. Inflation has continued to run below the committees longerrun objective partly reflecting declines in energy prices. Marketbased measures of inflation compensation declined somewhat further. Surveybased measures of longer term Inflation Expectations remained stable. Skipping over redundant language from the last statement, the fomc expects inflation to rise gradually toward 2 , its target as the labor market improves ...

Mutually beneficial agreement. An agreement without austerity ended bailout agreement that has destroyed greece these past years. And without the toxic presence of the troika. Everything else is not an agreement, but a surrender that would complete the euthanasia of our country. Olivia the devil is in the details. The two sides have to work on the conditions that may be attached to that extension. In ukraine, prorussian separatists are in control of the town of debeltseve after a withdrawal by m...

Inflation will race back to its objective. This does not indicate that the committee has decided on the timing. June is not a lock. There is additional language here. The economic language suggests the fed has seen this operative recently. Thats this has seen this soccer data recently. Softer data recently. Resources continues to diminish. Household spending is rising moderately. Business specs business fixed inflation has the client declined. Marketbased measures of inflation compensation remai...

The indices ahead of the feds. Dia is down. You have the qqq, the qs down. 5 . The spy that tracks the s p 500 and that is lower. The iwm that tracks the russell 2,000 and that is down. There is the tenyear note, the yield at 2. 02. Gold up at 11. 53 an ounce. The euro is down i guess the euro is up against the dollar at 1. 06 and west texas crude is down another 2 . Look at that 42 quote on west texas crude. Lets get right to our senior economics reporter Steve Liesman on a roof somewhere in wa...