Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will carry over in the second half of the yert. Reporter secondare quarter grows is now forecast to be above 3 . Consumer
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will carry over in the second half of the yert. Reporter secondare quarter grows is now forecast to be above 3 . Consumer
Be getting more mixed messages. Just today, an important gauge of manufacturing activity, the new york feds empire state survey, tumbled to its lowest level since 2009. But then another report on home Builder Sentiment hit its highest level in nearly a decade. With manufacturing and housing, two very important pillars of the economy, the debate within the market over when the central bank will act isnt going away anytime soon. Steve liesman has the story. Reporter as temperatures rise in august, the debate over the fed raising rates in december is reaching a new level. Youre looking at a significant correction in u. S. Equity markets and pushing the u. S. Economy back into recession. Reporter there are plenty of reasons the fed should stay pat and not hike. Chinas changing yuan, and yet weve seen the economy gaining momentum in the Second Quarter, and we think that will carry over in the second half of the yert. Reporter secondare quarter grows is now forecast to be above 3 . Consumer
Able to hear from you in advance of this hearing. The fcc has not been reauthorize since 1990 and its current appropriation is over 400 30 million. It is charged with the administration of the Communications Act and of the statutes by to the functioning of our key medications policy. We must reexamine the Core Functions of the commission and Research Culture of humility that was lacking under the regulatory cloud left by chairman wheeler picked the sec plays a vital role in our increasingly Technology Dependence society. The subcommittee has never released a discussion draft for consideration. I would be remiss in not discussing Net Neutrality, the commissions decision in 2153 reclassify internet as a public utility was a power grab laced with irony of suffocating the most innovative part of our economy with a 1930s era law. This gave been meaning to the term progressive. Reply comments to the commissions nprm argue august 18. Chairman pai, we hope you are keeping that handy because it
Tennessee. The subcommittee on communications and technology will now come to order. The chair now recognizes herself for five minutes for an Opening Statement. And i want to welcome you all to the subcommittees hearing titled oversight and reauthorization of the federal communications commission. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. The fcc has not been rethorsoned since 1990 appear its current appropriation is over 430 million its charged with the administration of the Communications Act and other statutes vital to the functioning of the communications policy. We must reexamine the Core Functions of the commission and restore a culture of hul humility. The fcc plays a vital rode in the increasingly technologically dent society. The subcommittee released a draft for consideration. I would be remiss by not discussing net neutral the commissioning ins 2015 was a powe