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And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing ...

And ceo of the association of american railroads. Jim cb, commissioner of the southwest chief and Front Range Passenger Rail commission, and jennifer homendy, Member National Transportation Safety board. I continue to be a strong supporter of our real industry both freight and passenger. Rail service is safe and efficient. It also reduces congestion on our highways and spurs economic growth. In mississippi, for example, we have 26 Freight Railroads, 2,400 miles of track, five of the seven class ones, two longdistance amtrak routes, 10 stations, and more than 100,000 annual riders. Rail is vita...

Next steps for Passenger Rail. Im glad to convene this hearing with my friend and colleague Ranking Member cantwell. I welcome or panel of witnesses and thank them for hearing. We will hear from richard anderson, president and ceo of amtrak. Ian jefferies, president and ceo of the association of american railroads. Jim sube, commissioner of the southwest chief and Front Range Passenger Rail commission. And jennifer hamade, board member, National Transportation safety board. I continue to be a strong support of our rail industry, freight and passenger. Rail service is safe and efficient and als...

Amtrak. Ian jefferies, president and ceo of the association of american railroads. Jim sube, commissioner of the southwest chief and Front Range Passenger Rail commission. And jennifer hamade, board member, National Transportation safety board. I continue to be a strong support of our rail industry, freight and passenger. Rail service is safe and efficient and also reduces congestion of our highways and spurs economic growth. In mississippi, for example, we have 26 Freight Railroads. 2,400 miles of track, five of the seven class ones, two Long Distance amtrak routes, two stations and more than...

Routes, 10 stations and more than 100,000 annual riders. Rail is vital to mississippi. I have been a tireless advocate for the restoration of the gulf coast Passenger Service. It was suspended in 2005 after hurricane katerina. With funding support from dot , amtrak in the states im , pleased to report that mississippi, louisiana and alabama are likely again to have this amtrak route and that will give mississippi a third amtrak route. Restoration of the service would support growing populations centers, connect tourist destinations, bring new jobs and improve the regions quality of life. This ...