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Clerk on a motion to not disclose the closed session deliberations [roll call] clerk mr. Chair, there are three ayes. Chair mar thank you, mr. Clerk. Is there any further business . Clerk that concludes our business for today. Chair mar great. We are adjourned. Take care. Good morning. The meeting will come to order. The december 3rd meeting. I am joined by Committee Member peskin. Committee member haney will be joining us. I would like to thank sfgovtv for staffing this. Do you have announcemen...

Span radio app. Federal reserve chair Jerome Powell appear on capitol hill for the second time this week to testify on the Economic Impact of the coronavirus. This hearing is just over two hours. Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Welcome everybody. Today our select subcommittee, some members will appear in person and others may appear et d , all individuals attending this hearing in person must wear a mask or face ...

Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Since some members are appearing in person, let me remind , all individuals attending this hearing in person must wear a mask or face covered. Ing. Over members who do not wear a Face Covering will not be recognized to speak. Let me make a few reminders about hearings. For those members appearing in able to seewill be members appearing remotely on the monitors in front of you. On o...

Extraordinary august. We had such important conversations. Lets get to the data quickly. And3, dow futures up 132, we are all casual. Chairman powell was casual yesterday. Im sure mr. Kaplan will be casual for Michael Mckee in a moment. Thein the time of within tumult, everyone is being casual. Lisa are we going to keep the bowtie . This is going to be the question as the fed shifts their inflation their inflation policy. Lisa this is an important conversation, as he spoke to James Bullard yeste...

I think Everybody Knows that. The impact is disproportionally on the poor and it could widen economic and equality, so something needs to be done. Government spending has helped but Public Confidence we key. You have to believe that you will be safe to go out. He says inflation will be low, and the fed has helped market functioning with its lending programs. They will keep buying agencies and treasuries, at the current pace, and then they will wind down with the crisis ending. The key point seem...

Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide r...

We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribe...

Heard officials of both administrations for two decades talk about agreements that are eventually going to happen, and they almost never do. Ambassador lighthizer has been a bit of a pit bull on this piece of it, but discussing it in the interagency process isnt really the same as pushing to help statebased backers understand that this has real consequences. I am glad it is a topic for discussion, but i would just say ,n the Intelligence Community oversight in the legislature, this is an increas...

Basis and do coordinate. I would just comment that ive worked closely with ambassador lighthizer on the china agreements and forced Technology Transfer is a major issue that weve been combatting. Fair, but weve heard u. S. Government officials of both administrations for two decades talk about agreements that are eventually going to have feet and they almost never do ambassador lighthizer has been a bit of a pitbull on this piece of it, but discussing it in the interagency process isnt the same ...

Drawing some questions about that data and how reliable it can be. To the upside, spotify closing up about 8. 4 . That company signing an exclusive deal with joe rogan, one of the more popular podcasters, a deal that could be worth more than 100 million this year. Scarlet pretty incredible deal for mr. Rogan. This incredible reversal we saw in late trading, almost three stocks down for everyone that is higher on the new york stock exchange. Of the 11 industries on the s p 500, all 11 are down. O...