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Alternatives. So as that conversation continues, i think this authority, Transbay Joint Powers Authority it continue working at a state level to see if we can participate in some of those discussions. Good point. Any final questions . Thank you very much for the update. Appreciate it. Next item or public comment. Weve got public comment. Clerk weve got roland lebrun. So thanks again. Let me start with the central valley. In europe, it would never be a highspeed lines, because theyre highspeed, they never, ever bisect. Next, i will be talking just not just about the r. C. P. , but about funds. ...

Technical and independent. There are a lot of issues, and we really wanted to make sure we stayed independent and brought that objective perspective. We also wanted to make sure that we reached a consensus which isnt easy for ten people. We want to make sure that our recommendations have been thoroughly discussed and vetted and that we agreed on them. I just want to take a minute to read our initial finding because i think its important and its its its a key starting place for us. The d. T. X. Rail Program Offers critical mobility value to the bay areagilroysacramento by area and country. And ...

A 5 billionwith fine off it scandal. Shery lets get you started with a quick check of how the markets closed in the u. S. To recordor indices saw a highs with the s p 500 topping 3000 for the first time. The dow gained. 9 . Tech in industrials leading the gains. The Energy Sector saw some gains as we had crude rallying on the potential impact of Tropical Storm bailey very. Barry. \ we had Producer Price inflation looking affecting the outlook of the Federal Reserve. Witht seeing record games the s p 500 gaining for a second consecutive week. Lets see how the markets are setting up as japan is ...

Language or some appropriately until ahed safe harbor, new reference rate can be used, significant legal problems and challenges are likely to occur. Liborsthis in mind, as farduled end nears, and so is the secured overnight Financing Rate will apparently take its place, tell us, what can be done to accommodate the numerous contacts that do not have fallback positions . Chair powell thank you, mr. Scott. I think you said it very well, i think theres 300 trillion plus in contracts referencing libor 500 different currencies. The maybe elation 300 trillion plus in contracts referencing libor in 5...

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...