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Hearing with Federal Reserve chair Janet Yellen King underway momentarily. Yellen getting underway momentarily. [gavel strikes] today we received testimony from Federal Reserve chair janet yellen regarding the fed semiannual report on Monetary Policy. While Humphrey Hawkins testimony is a key part of congresss oversight of our nations centralbank, it is not sufficient to provide congress and the American Public with a full picture of said policymaking. Best of said policymaking. I have often remarked on the importance of strength the importance of transparency. One of the feds reasoning for ma...

Housing affordability, and i think having more discussion on this issue would be a good thing for all of us so im happy to support item 26. Thank you supervisor campos. Supervisor wiener. Thank you mme. Pres. I cant support this in the condition that is and if this were simply creating a commission in the mold of the Planning Commission or Police Commission over the Mayors Office of housing or Community Development so an Affordable Housing commission essentially where the mayor appointed commissioners and the board president up pointed three with the same approach to hiring the director and if...

What they would like increased dialogue, discussion, and feedback on. But, as our a Feasibility Study moves forward on proposition c moves forward and we talk about the size of projects and neighborhoods but also based on the type of needs that we want to fulfill in the citya commission is going to be invaluable in helping to guide the support of the Mayors Office in terms of direction that we as a city want to take for Affordable Housing. In particular, i believe this comes up in almost every single project that are office negotiates and the type of Affordable Housing that we build and it wha...

Negotiates and the type of Affordable Housing that we build and it what income levels. I do not want to say that there is not a rhyme or reason for each project, but we do do it on a project by project basis. We have to say i think Senior Housing is needed in this neighborhood and i think we should do this at 55 ami and we do the best that we can tell fill the needs that we are hearing from the community but i think the commission will provide a larger risible document that we can follow and, give us a better compass in helping to guide all of our budgets together and not go on a development b...

The lower bound is concerned. We have a less scope. It would be worthwhile because thats an important way in which they cushion the shocks to the economy. Without getting into specifics that there were ways in which the fiscal policy shifts in the economy could be strengthened with which what help take some burden off of Monetary Policy. They cited it as a reason they were reluctant to raise rates in june. I have not heard anything that they might want to delay raising rates in november. Can you explain why they regard that as a greater problem. There were three dissents atthin what the cause ...