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Forward guidance. My questions are first, what are you hoping to learn, how might that change your response and third, how close is the committee to reaching a decision on a more concrete Forward Guidance and whether yield caps might reinforce that guidance . First i would say we think Monetary Policy today is wellpositioned to support the economy in this challenging time. If we didnt think that of course we would change her policy now. As you know we lowered her policy rate very quickly, quickly than others and we said we will keep it there until the economy has weathered the effects of the v...

Along with several other members of our committee come of hr 2650, the payment choice act of 2019, a bipartisansupported bill, which would require merchants to accept cash. This legislation, i believe this article, because parts of the country and both leroux and orbit areas are more dependent on the both rural and urban areas are more dependent on the cash economy could i have run out of time did i encourage you to support this bill could thank you, chairman powell. Thank you, chairwoman waters, i yield back. Rep. Waters mr. Hines, you are recognized for five minutes. Thank you. That i would ...

Many millions have lost their jobs. There is great uncertainty about the future. At the Federal Reserve, we are strongly committed to using our tools to do whatever we can, and for as long as it takes, to f provide some relief and stability, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy. The most important response to this crisis has come from our health care workers. And on behalf of the Federal Reserve, let me express our sincere gratitude to those dedicated individuals who put themselves at risk, day after day, in service to others and...

Definitely driving that, the market has been worried all week that we will see these bikes and companies will start closing things again like we seen with apple and it will delay the economic recovery in this country. As you mentioned in texas, phase three on pause closing the bars today, restaurant occupancy going down from 75 to 50 , florida is in phase two and the governor is saying i dont know when we will go to phase three, we have to get phase two working. He said there will be no Alcohol Service in the bars, food only. The Coronavirus Task force briefing is very interesting, they stress...

Jerome powell announced that Interest Rates will remain near zero for the foreseeable future in order to support Economic Growth following the coronavirus pandemic. This is conference runs one hour. Good afternoon, everyone. Thank you for joining us. Hour. Our country continues to face a difficult and challenging time as a pandemic is causing tremendous hardship in the United States and around the world. People have lost loved ones and many millions have lost their jobs and there is great uncertainty about the future. At the Federal Reserve, we are strongly committed to using our tools to do w...