Regulatory changes, but firms are also changing their own Risk Management practices in some sense in some cases in a more conservative direction. We have seen an increase in algorithmic and High Frequency trading. That may be leading to changes in market trading practices. In the Corporate Bond market there have been increased reporting requirements that may be reducing the desired sizes of trades. All of these factors could potentially account for whats going on but we have not yet been able to figure out what the contribution of each is or just how serious. The concern is while daytoday and normale time of most measures of liquidity seem to be roughly unchanged, there is a concern in stress situations it may be and weve seen some cases where its less available. In any market you need risk and liquidity, do you not . You dont have a market would you the . We need liquidity in markets. Maybe even highleveraged banks were exposed and providing high liquidity and vulnerable if liquidity
Regulatory changes, but firms are also changing their own Risk Management practices in some sense in some cases in a more conservative direction. We have seen an increase in algogh rhythmic and high algorithmic and high trading practices. In addition, in the Corporate Bond market, there have been increased reporting requirements that may be reducing the desired sizes of trades. And i think all of these factors could potentially account for whats going on but we have not really yet been able to figure out what the contribution of each is. We just have serious i think a concern is while daytoday and normal times most measures of liquidity seem to be roughly unchanged, there is a concern that in stressed situations it may be and we have seen some cases where its less available. Senator shelby in any market, you need risk and you need liquidity, do you not . Chair yellen yes. Senator shelby you dont have a market without it, do you . Chair yellen we do need liquidity in markets. There may
Congress and nonfiction books. Here is what is happening on cspan2. Janet yellen tells lawmakers the outlook for in the rates part of her second day of testimony on capitol hill. Then democratic president ial candidate Hillary Clinton talks about her corporate Profit Sharing proposal at a town hall in dover, New Hampshire. And Congress Asks us soccer officials why they didnt expose the scandals in fifa. Janet yellen was back on capalitalol hill today saying it is likely the fed will raise Interest Rates. She highlighted improvements in the Labor Department as well. This is an hour and 45 minutes. These hearing are among the new opportunity we have for public discussion with the chairwoman of the Federal Reserve. They manage the supply of money and monitoring the health of the system. Through the special programs the feds Balance Sheet expanded to an unprecedented size of 4. 5 trillion trillion. 20 of all treasury securities are hailed on the feds Balance Sheet. Furthermore, rather than
That. Some people suggested recently that american works need to be willing to work longer hours. I dont think Many Americans work fewer hours by choice unless there are Health Issues or child care limitations or other responsibilities. I think Many Americans working part time would like to work full time. The slack in the labor market seems to indicateu kateicate we have a ways to go. Discuss the concern for the number of workers working part time but would like to be in the workforce. We have a larnl share of the workforce, believing it is around four and half percent working less hours than they would like to work. The broader measure is the measure of the Unemployment Rate we normally look at is 5. 3 . Broader measures that capture that part time for economic reasons a measure like you six. We have a picture in the Monetary Policy report and we show how high that is and of course it is always higher than the narrowing concept of unemployment it is very much higher than you would ex
Irrelevant. What is relevant, as the gentleman and i i think both agree, if we dont get to an agreement on a number that is as we did in ryanmurray, we have done this before. We have done this before. My view is we did it because you didnt want to have your members vote on legislation that had numbers that were draconian before the election, but that may be only my personal perspective. But the fact of the matter is, the American People expect us to get their work done. Getting their work done at minimum means funding the government at appropriate levels. And again i have said that mr. Rogers does not believe the see quester. I believe you its the law of the land. I think its wrong. Its bad laufment it was not a law intended to go into effect. It went into effect simply because the supercommittee that was established in that same legislation couldnt come out with a solution. And 13 months the congress couldnt come out with a solution. Therefore on january 1 2014, we were confronted wit