Voting rights march in 1965. Then theyll turn to the Monetary Policy report from the fed. Youre watching live coverage here on cspan3. Will come to order. We have a quorum. The committee will briefly conduct an executive session to report s527 to award a congressional gold medal to the foot soldiers who anticipated in bloody sunday, turnaround tuesday of the final selma to montgomery Voting Rights march which served as a catalyst for the Voting Rights act of 1965. Im pleased to serve as an original cosponsor of this bill. I thank the other members of this committee including the Ranking Member, whove also agreed to cosponsor this legislation. With that understand that there are no amendments and there are no objections. Mr. Chairman may i make im pleased we can mark up this important piece of legislation today. A bill with strong bipartisan support as chairman shelby said. It honors those americans who fought so hard for civil rights with the congressional gold medal. I want to thank s
Yellen on the u. S. Economy, set to testify today. Well bring you both prepared remarks and q a live. Home detail shares are higher premarket following solid Quarterly Earnings but macys volatile this morning on what are mixed results. Jpmorgan shares higher. The bank outlining new measures to streamline businesses and cut some costs. The nasdaqness aiming for a tenth straight day of gains after closing at a fresh 15year high. On capitol hill in an hour fed chair yellen begins two days of testimony on the economy. The watch is on for hints as to when the fed might raise Interest Rates. Shell face the Republicanled Senate Banking Committee, whose chairman is a fed critic. Live coverage of yellens testimony and the q a session with lawmakers. A lot of tea leaf reading this morning about whether or not the fed is simply trying to tap dance here play for some time let wages come back let greece play out and so forth. I think thats right. Its funny, the most visible thing that they could lo
And yet some continue to dismiss calls for change or more transparency at the fed. I would argue, however, that theres an even greater need for additional oversight by congress, and further reforms. Our central bank is expanding its influence over households businesses, and markets in recent years. Not only has it pushed the boundaries of traditional Monetary Policy but its also consolidated Unmatched Authority as a financial regulator. As the fed grows larger and more powerful, much of this authority has become more concentrated in washington, d. C. , and in new york. The fed emerged from the financial crisis as a super regulator, with unprecedented power over entities that it had not previously overseen. With such a delegation of Authority Comes a heightened responsibility, i believe, for the congress to know the impact these new requirements place on our economy as a whole. The role of congress is not to serve on the federal open Market Committee, but it is to provide strong oversig
We had a good and constructive discussion. The foreign minister joined the meeting later this week, which i will be chairing, in order to have a short discussion. We have agreed that he and i will meet with our teams in geneva in october. Click the white house has said its open to a meeting between the iranian president Hassan Rouhani and president obama, both of whom are addressing the u n Assembly Meeting today. Banned all court has activities at the Muslim Brotherhood and its spinoff groups and ordered its assets to be seized. The group has 10 days to appeal the ban. It comes as part of the crackdown on supporters of ousted president morsi by the military backed government that is in some 1000 killed in 2000 people arrested, including many of the brotherhood leaders. The core issue the injunction after lawyers for the leftist party accused the Muslim Brotherhood of terrorism. The group the brotherhood has been banned for most of its 85 your history. U. S. Military says it will stop
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