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The easy answer of course is that the jury is still out on how its going to go. What i tried to convey in the bookwas first , the senate has declined over a long period of time, not a couple of years, more like a couple of decades. Precise of the time that we need a strong one. All of a sudden we are facing the possibility of lets say we were facing the possibility of an inexperienced reckless, perhaps irresponsible, maybe authoritarian president. You would want a strong senate. We do not have one. The senate saved itself, changed from the downward spiral it has been on. And then step up to hi...

Credit then theyre going to be less able to attend school, perhaps, let able to start a family, less able to move to a new job. All kinds of things, economic outcomes for individuals would be potentially significantly reduced and if you take that out across a broad population it would hurt the growth of a country. I want to get your views on whether you agree with fed chairman Neel Kashkari that increasing Legal Immigration would help our economy but ill get to that another time. Mr. Bud . Thank you, mr. Chairman, chairman powell, congratulations. I know youve heard it many times but were glad...

Is it not possible that improved wages themselves can help lead to improved productivity, which can create a virtual cycle with wage growth over time . German powell yes and thats exactly what we hope is happening right now. Congressman so you are committed to keeping your foot off the brake . Chairman powell when im getting ready for this hearing i went back and read something you said in your very first year on the fomc committee. At the very first meeting one of the Bank President s rett Bank President s mentioned tighter labor markets and youve noted that you havent seen anything in the da...

Jobs act in colorado. The banks of colorado, which has significant presence in the western slopes of colorado, four Corners Region that i represent wrote me after passage of the tax cut and jobs act they anticipate the passage of the reform is going to be having a positive effect on the growth of their businesses an our local economy. In fact the bank of colorado added a special bonus at the end of the year for all 641 of their associates in colorado and new mexico. Theyre going to be receiving 1000 in terms of a bonus and parttime associates will receive 250 to 500. Mr. Chairman, in my part o...

Your future. If youre looking to buy a home and need to take out a mortgage. Its more expensive. Mortgage rates have been on the rise since the start of the year and have been taking off in the last week. Will they continue the climb and what does it mean for home buyers and sellers this spring in our reporter has answers. The timing couldnt be worse. Just as the spring Housing Market officially kicks off this president s day weekend. These are steep prices. Mortgage rates are moving higher. And buyers were already facing higher prices amid competition. There is not enough homes to go around f...