But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our
Private companies and universities. It is an hour and 20 minutes. Members should keep their video feed on as long as they are present in the hearing. Please keep your microphones muted unless you are speaking. If members have documents they wish to submit for the record, please email them to the Committee Clerk whose email address was circulated prior to the hearing. Good morning, everyone. I would like to welcome our distinguished panel of witnesses and members and those viewing plotely. Cybersecurity and nasa, ongoing to challenges and emerging issues for increased telework during covid19. In early 2020 the world was caught off guard with the dramatic rapid onset of the coronavirus. It shifted to a telework operations to ensure the health and safety of its more than 17,000 Civil Servant employees. To its credit, nasa prepared for the transition having held an agencywide telework exercise in early march and expanded telework operations. Today 75 to 80 of Civil Servants continue to wor
I think it was an effective measure. The idea now is we have to hit back hard. We have to hit back strong if were going to finally put this dual crisis of the pandemic and economic payment engendered behind us. With respect to larrys point, one thing is just wrong which is our team is dismissive of inflationary risks. We have constantly argued the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to put this virus behind us. I want to quote Jerome Powell who strongly reiterated this view the other day. I think it was a week or so ago that inflationary risks are also asymmetric. He said, im much more worry about falling short of a complete recovery and losing peoples careers and lives they built because they dont get back to work in time. Im more concerned about the damage that will do, not just to their lives but to the United States economy, to the productive capacity of the economy. Im more concerned abou
Romaine we tuck about the nasdaq being at that record high. 7 , 8 is still about below its previous high that it hit before the drawdown in february. Likell 2000 down something 14 . When you start to sort of look at how this rally has been distributed, there are certainly a lot of areas that can play catch up. We have seen that kind of bottom feeding. Somel traders picked up on of these stocks that they felt were little bit too beatendown. Looking for a bit of a rebound there as well. Still with us, sarah malik. I just want to talk about the support that this market has had from the Federal Reserve. Policy,banks, monetary both what has been implemented and what has been promised. Goinge point, the fed is to have to reckon with this, whether they should pull this back. Do you anticipate that there would be a negative reaction of any significance in the equity markets to the fed starting to unravel . I think they have been pretty clear in the fact that they are going to provide support a
Of broadcasting live direct from our studios in moscow this is our G International and sean thomas certainly glad that with. Our Boris Johnsons conservative party is celebrating and historic victory in thursdays general election the Prime Minister says it gives him a powerful mandate to deliver brags that the election delivered in the worst result for the labor party since the 1930 s. Here is how the Party Leaders reacted it to an historic day in westminster. Proud to say that members of our new one nation government a peoples government will sit tight from constituencies that have never returned a conservative m. P. For 100 years and yes they will have a willing mandate from this election to get done and we will honor that mandate by general the 31st will not lead the party in any future general Election Campaign i will discuss with our party to ensure there is a process now of reflection on this result and on the policies that the party will take Going Forward for the conservatives a