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[inaudible conversations] good morning and welcome to the 19th annual National Book festival brought to you by the library of congress. [applause] this festival is free of charge thanks to the generosity of donors large and small. He. Please make it brief and to the point, you are giving us permission to use it to web cast and finally i ask that you please turn off your cell phones, thank you and enjoy your day. Good morning, book lovers, how are you . Can we stop for a moment and acknowledge the librarian, hardworking staff and the volunteers . Absolutely. [applause] im chairman for the Natio...

Is looking to perform, so that has the stock nice and higher today. Of most him course of Molson Coors Brewing is leaving, the ceo be replaced by of miller coors. We want to know if the fomc can thread the needle . What does he need to get done today . Guest the first thing is 25 basis points. Everybody knows that if he doesnt cut 25, hes got a credibility problem in the markets. 25 is done. I think youd like to do 50. He and others have given indication that if youre going to do something at this point in just come its really at this level of rates, you need to go big. Weve had reasonably sta...

We have a quorum. Thank you. Colleagues, a couple of pieces of the house cleaning. One is that commissioner stefani his not with us today, so can we have a motion to excuse her . Made by commissioner mandelman, seconded by commissioner brown. We will take that by without objection. At 11 00 a. M. Were going to have to recess for a press conference on the steps of this building and we will reconvene when that press conference is done. With that, please call you next item. Item citizen advisory report. Good morning. Good morning commissioners. I am john larson, chair of the Citizens Advisory Com...

Supervisor walton albert incident a quintanilla is our clerk. Mr. Clerk, would you please call the roll . Clerk yes. [roll call] clerk we have quorum. Supervisor walton thank you so much, and i will be filling in for our chair until he arrives in a few minutes. So with that said, are there any questions or comments from colleagues for the minutes . Seeing none, lets open this up to Public Comment to for the minutes. Any comments from public . No Public Comment. Colleagues, can we have a motion so second and a to second and approve the minutes from may 21st . Do we do a roll call or vote . Cler...

We have a quorum. Thank you. Colleagues, a couple of pieces of the house cleaning. One is that commissioner stefani his not with us today, so can we have a motion to excuse her . Made by commissioner mandelman, seconded by commissioner brown. We will take that by without objection. At 11 00 a. M. Were going to have to recess for a press conference on the steps of this building and we will reconvene when that press conference is done. With that, please call you next item. Item citizen advisory report. Good morning. Good morning commissioners. I am john larson, chair of the Citizens Advisory Com...