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Washington today, we are holding this hearing virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. Remote hearings certainly are not the same as sitting together in our Committee Room and you should know. The new authority has allowed us to continue to do our work a behalf of the American People, while keeping our staff, families and broader communities this is the First Official Virtual Committee hearing in the United States house of representatives. As we begin this historic proceeding, i want to underscore that i plan to continue th...

Inaudible . The members of the public will be calling in 888 2736538 and access code is 3103752. When prompted dial 120 be added to the speaker line and it will indicate that callers are entering the question and answer time but this is the Public Comment. If you call in before Public Comment is called, youll be added to the cue. Please mute the device youre listening to the meeting on. When its your time to speak, youll be prompted to do so. Its three minutes per speaker or otherwise established bit speaker. Please show the office of Small Business slide. Interest we will start with the remin...

Positive impact on very sicko individual patients. And of course, jim, we had the announcement today that the fed will begin buying individual Corporate Bonds, not just the etfs that hold those bonds but the actual bonds themselves. That certainly helped. Whats your take this morning . Well, look, i think each one of these can be debunked took this drug for two months. It was okay. I switched to prednisone suddenly we discovered this was a big breakthrough what were the doctors doing . Did all of the doctors get it wrong . Did they realize it was not swelling around the body and just focused o...

I think Everybody Knows that. The impact is disproportionally on the poor and it could widen economic and equality, so something needs to be done. Government spending has helped but Public Confidence we key. You have to believe that you will be safe to go out. He says inflation will be low, and the fed has helped market functioning with its lending programs. They will keep buying agencies and treasuries, at the current pace, and then they will wind down with the crisis ending. The key point seems to take in the fact that we saw that amazing report today. He notes that with the easing of restri...

Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed ha...