He took questions from members of the Senate Banking committee about his overall philosophy on Monetary Policy and the role of the fed chair. Senator mike crapo chairs the committee. And the committee will come to order for the hearing. [gavel pound] this morning we will consider the nomination for the chairman of the Federal Reserve system. The chairman system. Ederal reserve governor powell, welcome and congratulations on your nomination. I see friends and emily behind you and i welcome them here as well. Governor powell has had an accomplished public and private career in financial services. He served as an assistant secretary and undersecretary secretary of the treasury under george h. W. Bush, where he was responsible for policy on Financial Institutions and the treasury debt market among other areas. Firsthand experience in Investment Banking and was a partner of the Carlyle Group before being appointed to serve on the board of governors and 2012. During his years of service and
Today as well. Governor powell has had an accomplished public and private sector career in Financial Services. He served as an assistant secretary and under secretary of the treasury under president george h. W. Bush where he was responsible for policy on Financial Institutions and the treasury debt market, among other areas. He also has firsthand experience in Investment Banking and was a partner at the Carlyle Group before being appointed to serve on the board of governors in 2012. During his years in service in government and in the private sector, governor palace proven he is qualified to lead the fed. It can from he will play an striking thee in proper balance between the need for safe and sound Financial System and the need to promote a vibrant growingun economy. Over the past year ive been a curse to see the federal regulators carefully and thoroughly evaluating current laws and regulations. Government powell fishery specific areas in the past where the fed believes some laws an
Smarter, faster on the topics that matter and would follow the same format with our event, bringing smart brevity to bring you into the worlds of business, tech, media politics. I would like to thank the bank of america for making these conversations possible. We appreciate it especially this great doubleheader we have had and what you think, axios colleagues who are here. We are honored to have this morning somebody who has been my governor and has been my senator here i have a constituent and we have this bring the vice chairman of the Senate Intelligence committee, and senator from virginia, senator mark warner. Senator. [applause] thank you. We are down to smart and brevity. Im not sure i meet any of those categories. And you are a morning person, so thank you. Not the case. Not the case. Wear down to four days of christmas. This is not speedy my normal shtick in any event that account in december is that i am well known for leading groups in 12 days of christmas, but i guess thats
Senator mcconnell good morning, everyone. I picked a heck of a week to have laryngitis. Probably talked more yesterday than i have any day this year and a little better this morning so i apologize for sounding like donald duck. Ive got my traveling clothe on. Im ready to go to louisville, kentucky, my favorite place in the whole wide world. I hope you all are heading in that direction as well. This has been a year of louisville . Senator mcconnell youre welcome to come. Or wherever youre heading. Ok. Senator mcconnell yeah. This has been a year of xtraordinary accomplishment. By any objective standard. The Supreme Court justice, 50 years old, extraordinarily well qualified. Ought to be there for a very long time. The u. S. Circuit court system was set up in 1891. Working with the administration weve confirmed 12 circuit judges, the most in the first year of any Administration Since 1891. And, of course, we just completed comprehensive tax reform. And theres nothing more challenging tha
Sen. Mcconnell good morning, everyone. I picked a heck of all week to have their and titus laryngitis. I talked more yesterday than any day this year. I apologize for sounding like donald duck. I am ready to go to louisville, kentucky, my favorite place in the world and i hope you are heading that way as well. This has been a your of [indiscernible] sen. Mcconnell you are welcome to come. This has been a year of extraordinary accomplishment by any objective standard. The Supreme Court justice is extraordinary qualified. The u. S. Circuit court system working with 1891 the administration we have confirmed 12 circuit judges. Thats the most in the first year of any Administration Since 1891. Of course, we just completed comprehensive tax reform and there is nothing more challenging than that, which is why we have not done it in 31 years. This particular effort was even more challenging, because 31 years ago there was a bipartisan agreement that it was a good thing to do. I remember i had