Good afternoon. It is a pleasure to see you all here after a long time of virtual events. This is the first time weve had a full board of governors and nine years. To have the seven of us here, it is the first time we have met like this in seven years nine years. Terrific. These sessions started a few years ago and 2019 in what turned out to be a different time. We continue to benefit from them as we navigated the pandemic shut down. We started with listening sessions around the country. We brought together people in businesses, low and moderate income communities, Workforce Development enterprises, unions, community colleges, retirees and others. We wanted to hear directly how the Monetary Policy decisions were affecting peoples daily lives. Then the pandemic comes and upends everything. The way we work, live, learn, conduct business. Without we gained valuable insight which continues to help guide policy decisions. I think we delivered good transparency. These events have become a pe
Small business and Community Leaders discuss how the covid19 pandemic impacted their business and organizations during a listening session with the Federal Reserve board of governors. The discussion as part of an initiative called the fed listens which aims to hear from americans about how Monetary Policy impacts them. Why dont we get started . Good afternoon. Welcome. Its a great pleasure to see you all here in person after a long time of virtual events. Its also, this is the first time weve had a full board of governorsa in nine years, so to have the seven of us are its the first time were convening like this in seven years, in nine years. These sessions started just a few years ago in 2019 in what turned out to be a very different time. They were valuable then and we continue to benefit from them as we have navigated the pandemic shutdown to the path of recovery. H we started with listening sessions around the country that brought together people and organizations representing busin
100,000 people have now died from coronavirus world wide and the infection hasnt even hit its most vulnerable nations. And 10 of the American Workforce is now unemployed. Experts say that number could double or even triple. Velshi starts now. Welcome back. Im ali velshi. We begin this sad new milestone in the covid19 pandemic. The United States is the first reported country to have more than 20,000 deaths linked to the coronavirus. Nearly 20,500 americans have now died after contracting the virus and more than half a million have tested positive for covid19. All 50 states, washington, d. C. And four u. S. Territories are now under major disaster declarations. More than half of all u. S. Deaths have been in three states, michigan, new jersey and new york with new york having more confirmed cases than any other country. There are hot spots continuing to pop up across the country. It isnt all doom and gloom. Its actually a festive time of year. Many families who celebrate passover held se
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