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Policy report. This was her first appearance before a Congressional Committee since being sworn in as head of the Federal Reserve. This committee will come to order without objection the chair is authorized any time. This hearing is for the purpose of hearing the semiannual testimony of the chairman of the board of governors of the Federal Reserve on Monetary Policy. And the state of the economy. Before we get started, im not sure if i called this a personal privilege or not, but i would draw the attention of the committee that we are blessed again with the appearance of the gentle lady from new york, Carolyn Mccarthy and what a blessing it is to have her back with us. [ applause ] the chair will now recognize himself for six minutes to give an opening statement. We welcome chair yellen for her first of many semiannual humphreyhawkins appearances before our committee. Chair yellen, you may recall that just two months after Allen Greenspan became fed chairman in 1987, the stock market c

Republic ofNew yorkUnited statesTinh lao caiSan franciscoWest virginiaSouth africaJanet yellenLee ellisCarolyn mccarthyAllen greenspanMilton friedmanGraham dodd frankCongressional committeeFederal reserveAttention committee