Are authorized to participate. Even when they are not recognized and that they are responsible and then to convince themselves after they finished speaking consistent with the regulations and only is appropriate. All house rules related to order and decorum applied to this remote hearing. To hold financial regulators tyaccountable and in conclusion perspective from the offices of minority and women inclusion. I now recognize myself or four minutes to give an opening statement. Todays hearing focus Holding Financial regulators accountable with diversity and inclusion. Our country is facing covid19 and an economic pandemic and the fight for social justice. These challenges have reached our personal relationship in the unprecedentedys way. I appreciate all the witnesses i am hopeful we will be able to strike a balance between Historical Context with the demand of greater industry inclusiveness and transparency and accomplishment 2020 marks the tenth anniversary of the dodd frank reform ac
Testify on the impact of regulations and efforts to create more diversity in the Financial Sector. This hearing is just under three hours. The subcommittee will come to order. Without objection, the chair has authorized to declare a recess of the subcommittee at any time. Without objection, members of the full committee not on this subcommittee are authorized to participate in todays hearing. Members are reminded to keep their video function on at all time, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to mute themselves after they finished speaking. Consistent with the regulations of House Resolution 965, staff will only mute members and witnesses as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules pertaining to order and decorum applies to this remote hearing. This hearing is entitled Holding Financial regulators accountable for
Thank you. [captions Copyright National cable satellite corp. 2020] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] ] we welcome our second panel of witnesses. Pamela gibbs, the director, office of minority and women inclusion of the securities and exchange commission. Levine is the Director Office of minority and women inclusion of the federal Housing Finance agency. And laura mcrae, the director of the office of minority women inclusion of a Consumer Financial protection bureau. That yourare reminded testimony will be limited to five minutes. I chime will go off at the end that your time. Respect themt you members and other witnesses time by wrapping up your moral testimony. Without objection, your written statement will be made part of the record. Cole, you are now recognized for five minutes to give in or a presentation on your testimony. Chairwoman and a Ranking Member wagner and distinguish
Levine is the Director Office of minority and women inclusion of the federal Housing Finance agency. And laura mcrae, the director of the office of minority women inclusion of a Consumer Financial protection bureau. That yourare reminded testimony will be limited to five minutes. I chime will go off at the end that your time. Respect themt you members and other witnesses time by wrapping up your moral testimony. Without objection, your written statement will be made part of the record. Cole, you are now recognized for five minutes to give in or a presentation on your testimony. Chairwoman and a Ranking Member wagner and distinguish members of the subcommittee thank you for this opportunity to testify and share the diversity and inclusion efforts of treasuries headquarters. Diversity and inclusion emerged as a discipline over the past 50 years or so. But i prefer to trace these values to the words on the great seal of the United States e. Pluralist unum. Out of many, one. Hundreds of th
And low inflation. The topic is regularly salient since last week, following an 18month review of his Monetary Policy strategy, the fed released a revised revision of its goals and Monetary Policy strategy. We are honored to have governor Lael Brainard to hear her thoughts on the topic. After we hear from governor brainard, there will be time for questioning and answers from the audience, then we will convene a panel to discuss the new said framework with ben bernanke, janet yellen, and roberto poley of cornerstone , and Julia Coronado of the university of texas. If you would like to post a question to lael on the panel, you can do so by emailed brookings. Edu. Governor brainard has had a long career of Public Service and in academia. She took office as a member of the feds board of governors in june, 2014. Before that, she served as undersecretary of the u. S. Department of treasury from 20102013, and transferred to secretary of the treasury in 2009. I had the opportunity to have work