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[gavel] committee will come to order. Without objection the chair to declare recrest of the committee at any time. This hearing is entitledle policy and the state of the economy. I now recognize four minutes to an opening statement. Today we convene on Monetary Policy and the state of the economy. Chairman powell, welcome back. Oday i would like to start by addressing the current elephant in the room when it comes to policy and the fed. This president has made it clear or he has no understanding respect for the independence of the Federal Reserve. Doesnt d the fed, have a clue. Most lled at th...

And the state of the economy. The committee will come to order. The chair is authorised to declare recess at any time. This hearing is called Monetary Policy and the state of the economy. I would like to start by addressing the elephant in the room. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. Doesnt fed, have a clue. Most lled at this time difficult problem for the u. S. Hes ing to media reports discussed firing chairman powell just as hes fired others he with. Not agree lets be clear. It is essential that the federal ma...

Industry Study Suggests that trading in u. S. Asset backed securities will become uneconomical if the rule is not tailored to fit the u. S. Market place. If it is uneconomical to act as a marketmaker for commercial mortgagebacked securities or residential mortgagebacked securities, auto loans, credit cards, collateralized loan obligations, then banks will pull out of the abs market which represents a 1. 6 billion source of Consumer Lending or 30 of all lending to u. S. Consumers. So my question to you, chair yellen, is how will the fed ensure that the final rule will be tailored to fit the u. ...

Advocacy from you to say automatically there must be onthejob Training Programs for africanamericans in this group to go into these areas and earn as they learn. In agrobusiness we have 19 colleges Whose Authority and mandate due to farm bill is to take the money that we give to the farm bill and spend in teaching, research and extension. Why not create the other spending category for scholarships and loan forgiveness . Students who will go in and take advantage of these job openings in agriculture and business . All im saying is, that please, we have got to get the fed to get off the dime and...

Position. This is very unamerican. Very unamerican. But you know, people are growing aware of that. You know, events like here, we try to take advantage of whatever venue we can have to express our views. And listen, i mean i came to this Country First time in the early 80s. Things are completely different, you know, 35 years later. America in the 80s, being a palestinian in the america in the 80s, i dont want anyone to experience that. It was tough. It was tough. Today, many sympathizers, many people who understand, many people who are willing to listen and this is encouraging, because the mo...