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Committee will come together without onbjection. This hearing is for the purpose of receiving the semiannual testimony of the chair of board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I recognize myself for 3 1 2 minutes to give an Opening Statement. Not with standing the greatest monetary and fiscal stimulus, the economy limp aid long for eight years averaging 1. 6 gdp growth. Wages remain stagnant and failing since the 2008 financial crisis. New phrase by leftleaning academics in an attempt to rationalize the phenomena namely secular stag nati...

So why isnt it easier to finance these huge need for infrastructure and that someone unless countries. What is the seem to be a kind of chronic i would not useecular stagnation but the difficulty in getting the firms that actually exist to do their work. And anything and anything else you want to say. Thank you. Thank you for a very inspirational talk. I do think you know, when the music changes and you have a different dance i have different dances that come out of this dance around infrastructure spending. The reserve has shown that we had a long time for the public capitol stock essentially...

This way. It is all about implementation. We expect greece to deliver results in the next coming days. This will mean legislation passed in the Greek Parliament to show that the will to the reform is really there. And of course there are a lot of discussions needed in the parliaments of many member states, including estonia. If greece shows good will, i believe this is doable. Nejra one of the big issues through the discussions was trust. Do you trust greeks to implement what they say they will . It is clear that trust has been lost and i can also put it this way, we can slowly rebuild it. It ...

An Historic Nuclear Deal with world powers. Well look at what it means for iranians. Reporter and living with gun fire the ukranian villagers determined to stay home as fighting rages around them so it was supposed to be a straightforward decision for greek politicians pass the reforms asked for by european creditors and get another bailout. The plan may have been undermined already. The International Monetary fund is threatening to withdraw its support unless european leaders agree to writeoff billions of greeces debt. Not only that, Prime Minister Alexis Tsipras is facing a revolt in his lef...

A controversial security law that will remove restrictions on the military. And picture perfect, the planet pluto as it has never been seen before. We begin with latest developments on the greek debt crisis. Euro zone finance ministers have given them the green light for former talks on a boilout to begin. And they have agreed to give greece a shortterm loan so it can pay its bills. Greek banks are also being given a lifeline. The ecb raising emergency funding for banks by 978 million. Now things have changed now. We had a series of news with the approval of the bridge financing package, with ...