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The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence...

and millions more worldwide. now new revelations about the mysterious origin of covid. mark esper is here live. >> f-16s are not the key capability of that offensive. >> sean penn pleads with president biden to send fighter jets to ukraine or the actor says there will be, quote, blood on our hands. sean penn joins me and -- >> president xi and his military leadership have doubts today about whether they could accomplish that invasion. >> and china, russia and the united states reach a critical point in the ukraine war, the cia says beijing is having second thoughts about potentially ...

>> that hearing is young way right now in texas. the house homeland security committee is holding a hearing on protecting the southern border. democrats were supposed to be there before they backed out suddenly earlier this week. >> the hearing comes after more than 1,000 migrants rushed across the texas bridge and smugglers are going to new depths to hide things in plants even as they try to evade the border. we'll have the latest from the border coming up. >> sandra: from the hearing as well. we begin with this fox news alert as the stock market right now in the u.s. has fallen to ...

russian fighter jet crashed into an american drone forcing the military to ditch it in the black sea. >> john: it marks the first direct encounter between the two countries since putin's war began a year ago. a whole lot of questions that demand answer as america reports rolls into its second hour. i'm john roberts in washington. here we go again. >> sandra: john, here we go again. lot of live events expected this hour. we'll be watching for them. we're gonna bring you that news conference live right away. attorney general kellogg is standing by. he said he is fired up. he will be he...

president biden insists the u.s. is not in or heading in to a recession. despite many economists looking at it differently. the president is feeling better from his covid-19 diagnosis last week. this week will determine whether his good feeling about the u.s. economy will pan out as well. a pivotal week for the president and his party as the gross domestic product or g.d.p. number comes out. the economy could be in a recession just a few months ahead of the midterms. but the biden team is already trying to get ahead of that by attempting to essentially change the definition of what a...