Senior fellow and Deputy Director [inaudible] economics and i have the pleasure today to welcome my former boss from the department Justin Muzinich for discussions on the transatlantic economy. He will start with opening remarks and switch over to a moderated conversation with former National Security adviser and executivadvisorand executive Atlantic Council, steve hadley. I would like to extend a few thanks to some of our partners who are here with us today. Thank you very much. And now without further ado, i will turn over to you. Thank you, julia and to steve hadley for moderating the discussion. Congratulations on the opening of the center for geoeconomics. Having spent time looking at your goals, the center is an extremely timely and worthwhile undertaking. More broadly, now more than ever, the Atlantic Councils mission of fostering a strong transatlantic relationship is important. Covid19 has disrupted the economy and our way of life. As the world looks to the future, its importa
On the transatlantic economy. He will start with opening remarks and switch over to a moderated conversation with former National Security adviser and executivadvisorand executive Atlantic Council, steve hadley. I would like to extend a few thanks to some of our partners who are here with us today. Thank you very much. And now without further ado, i will turn over to you. Thank you, julia and to steve hadley for moderating the discussion. Congratulations on the opening of the center for geoeconomics. Having spent time looking at your goals, the center is an extremely timely and worthwhile undertaking. More broadly, now more than ever, the Atlantic Councils mission of fostering a strong transatlantic relationship is important. Covid19 has disrupted the economy and our way of life. As the world looks to the future, its important that we not just restart Economic Growth, but that the right values guide us in a post covid world. Thats why the relationship is so important. It represents ove
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Or can we fix it . And if so how in particular . Youre about to hear how from our expert panel. Let me introduce them in the order in which theyll speak, as we proceed through the panel well be working our way through the various titles of dodd frank frank. First will be my colleague peter wallacen. He co directs aeis program on financial studies, was co chair of the pew Financial Task force and served on the Financial Crisis Inquiry Commission where he wrote a very enlightening and highly controversial dissent. Previously peter was White House Council to president reagan. General council of the treasury department. Financial crisis was spawned by the financial crisis spawned dodd frank, do you understand what spawned the financial crisis . Buy peters book hidden in plain sight in case you havent yet. Our second speaker senior director of Global Government Affairs strategy and Public Policy of bloomberg, where he covers policy issues in europe, asia and the u. S. Equity, fixed income,
Our foreign policy, security and economic priorities in ukraine, Central America, africa, asia and other regions. Treasurys International Programs are some of the most Cost Effective ways to reinforce Economic Growth at home and to respond to critical challenges abroad. Specifically, u. S. Leadership and International Financial institutions enables us to influence how and where ÷olk resources are deployed, often on a scale we cannot achieve through our bilateral programs alone. Its crucial we continue to have bipartisan support for these institutions to ensure our influence remains as strong today as its been over the past several decades. Treasury looks forward to continuing the dialogue with congress on the Important Role that the International Financial institutions play in the Global Economy. Especially as we implement the imf reform legislation and negotiate replenishments. Of several of the mdb windows that serve the worlds poorest countries. Thank you very much and i look forwa