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By alice senior fellow of economic studies at the brookings institution, and former vice chair of the Federal Reserve from 1996 to 1999. Sebastian, wj, im delighted to be doing this and i think its a fabulous book. Ive known alan for many, many years and we worked together closely when i was his chair, and hes a complicated man and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bit about that on career choices . Alan had a unusual upbring in sense that raised in 1930s he was the child of a sin...

Policy seems toe contradict any notion he sought to eliminate the weapons. Strategic forces received an increase in funding as he saw the to the modernize all three legs of ballistic bombers, missiles and submarines. To relaunch the b 1 program, to modernize existing bomber force, improve the trident missile. He will produced an additional 17,000 warheads by 1987, a significant increase over the plans of the carter administration. By 1985, u. S. Nuclear forces were more lethal and technically advanced than at any point. American history. It presents a strong con taft to the focus on arms contr...

Gov. Pence on behalf of my family here and looking on, would you join me in thanking and hisrump, melania, entire family for the sacrifices they are making to make America Great again . [applause] gov. Pence and i thank donald trump, the confidence you have placed in us, and i accept your invitation to run and serve as Vice President of the United States of america. [applause] gov. Pence i come to this moment deeply humbled, but with a grateful heart. Grateful to god for his amazing grace. Grateful to my wonderful wife. And our three incredible kids, michael, charlotte, and audrey. And gratefu...

Trump comes the 45th president of the United States of america. [applause] pence thank you for the honor. Thank you for your support and god bless the United States of america. [applause] right now]es all [playing Rolling Stones tell me] tellying Rolling Stones me] heartg Rolling Stones of stone] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2016] the Republican National convention from cleveland starts monday. Watch live every minute on cspan. Listen l...

The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed...