financial stability. today, i will highlight a few topics in the report and provide an update on the councils activities since the reports publication. first, the report discusses a vulnerabilities in the non bank financial sector, which were highlighted by the turmoil in financial markets in march, 2020. the dodd-frank act reforms increase the resiliency of the u.s. financial system, the market turmoil in march 2020 demonstrated the liquidity mismatch and use of leverage by non bank financial institutions can make them vulnerable to acute financial stretches. these dresses can be transmitted and amplified to the board of financial system counsel is taking steps to examine these risks. including reestablishing its hedge fund working group to develop an inter agency risk of monitoring system. to propose options to mitigate identified risks. earlier this year, the council issued a statement to express support for the securities exchange commission efforts to reform money market funds and their work to consi

to do that, you have to have price stability, and we have to get back to price stability so we can have a labor market where people's wages are not being enough by inflation, and where we can have a long expansion too. that is the good thing. we have had several of the longest expansions in u.s. history in the last four years because it has been a time of low inflation. lung expansions are good for people and good for the labor market. so that is the way i think about it. our tools work. we had to think in the medium and longer-term, and i do think that the best thing for everyone is for us to get back to price stability, to support a sustained period of strong labor market conditions. thank you very much. [captions copyright national cable satellite corp. 2022] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] y before the senate homeland security and governmental affairs committee. you are watching live coverage on c-span.

this is not really i would say a financial stability risk. that the fsoc has looked into or addressed in its report. it is certainly an important economic issue. with respect to the war in ukraine, the financial stability oversight council and the staff of the agencies involved meet on a regular basis to attempt to identify spillovers to the financial system that are of concern. frankly the financial system has functioned very well in the face of this unexpected shock but the issue that you mention is very important. >> i'm concerned because today is europe and tomorrow it may be another part of the worldand i think we should be prepared . thank you and i yelled back. >> thank you very much. the gentleman from misery is now recognized for five minutes. >> i to madam chair. secretary chopra is a member of fsoc. i say director of the cpb isa member of fsoc . >> yes he is. >> he recently recommended removing deposit insurance as an enforcement action. during his proposal director chopra named financial institutions that have 27 percent of the us

stabilization at 550 ppm in 2050 is not stabilization.e already see at 415 ppm how unstable the climate has become. we could stop right there. and in stability will increase in a geometric and not a linear form. finally, there was no mention of indigenous people are people up color, or diversity. it was so exclusive. that i then went around and started to say to ngo's and institions, can we make, understand what it is we need to do? because i don't know what i can do from this thing from princeton. and that is, i said, can we name the goal? because the goal, to the day is - the goal is a verb, mitigate, fight,. those are not goals. those are verbs. you need a noun to have a goal. i wanted to name it. so that is when i started off using -- let's figure out how we can stop where we are going and go back the other way. how can we reverse global warming, not stabilize it. ok? [applause] paul: so, what i did is ask ngo's, they all said what a great idea. some of them said, what you talking about? some said, we don't do that or why don't you do

financial stability allows americans to testimony is saved in the bank enemies they can get an affordableyees without fear the loser home and i can count on the right entered retirement savings owing the investment want to be gambled away but reckless speculators and taxpayers are not forced to shallow billions develop the banks and gamble with the whole economy is like congress created this in the dog frank wall street reform built in there and americans are still living with the consequences from the last on wall street took too many risks and that families lost their homes after 22000, so i'm not recovered it and the home sees from them whenever the henchman come over the big banks come up with his kids on the never the ones take the the brunt of pay the price, is organ and ordinary americans and livelihoods are at risk as taxpayers people in this town act like they forgotten the bailouts and into many cases they probably have americans have not forgotten my families already struggling with lost jobs and loss homes and loss tapings are forced to use the text money to bail out some of t

our financial stability report looks at some of those risks. generally, although debt burdens of companies are high, didn't service ratios are not very high, which suggests good prospects there. supervisors regularly evaluate banks with respect to interest rate risks. as interest rates rise that tends to diminish the value of assets they hold on their portfolio. but it has the contrary effect of tending to raise net interest margins. but there certainly are in parts of the financial system where there may be leverage. the federal reserve issued its financial stability report just yesterday and noted insurance companies and some hedge funds as leveraged entities that could be vulnerable in a rising interest rate environment. chair brown: you talk with the fed's role and fighting inflation cause by russia's war, inflation caused by the pepbgd, caused by -- pandemic, caused by supply chain interruptions, distortions, as interest rates rise and risks could bump up on wall street, walkthrough why it's for financial firms to have sufficient capital l

s financial stability. we take you to that hearing already in process. -- the market turmoil in 2020 demonstrated the liquidity mismatch and use of leverage by non-bank financial institutions can make them vulnerable to acute financial stresses. these stresses can be transmitted and amplified to broader financial system. the council has taken steps to examine these risks, including reestablishing its hedge fund working group to develop an interagency risk-monitoring system and propose options to mitigate identified risks. earlier this year, the council issued a statement to express support for the securities and exchange commission's efforts to reform money market funds and their work to consider potential reforms to open-end funds. the council is working to support improving the resilience of the treasury market and is coordinating with the interagency working group on treasury market surveillance. potential steps to be taken include improving data quality and availability, evaluating expanded central clea

and social stability in these conditions.s a need to discuss and develop common approaches for the death of the consequences of the sanctions and the prevention of the deterioration of the socio-economic situation in our countries. such an opportunity will soon be provided in the city of bishkek during the meeting of the supreme eurasian economic council and the first eurasian economic forum. dear colleagues, they are counting on your full-time units at the head of their delegations, in which i ask to include heads of industry-specific business structures of the ministry. in conclusion, i once again congratulate my esteemed colleagues on the great victory day and the two anniversaries of the collective security treaty. i sincerely wish you and the friendly peoples of the csto member state peace of stability, well-being and prosperity. thank you for thank you contains the floor is given to the president of the russian federation vladimir vladimirovich putin please vladimir vladimirovich thank you very much, dear friends of a c

in asia as well peace and , stability must be upheld and defended. in order to defend peace and stability, in asia, we will drastically upgrade and strengthen our defense capabilities. united states is the only ally for japan. japan-u.s. alliance is very important, we have to strengthen this alliance to defend peace and stability of the region. that is our belief. in so doing, extend the torrents and response by the united states must be reliable. we have full confidence including strengthening of the japan-u.s. alliance is important. we hope that as many members of the general public will have even deeper confidence on this alliance so that will lead to regional peace and stability. i look forward to cooperating with president biden to that end. pres. biden: our policy toward taiwan has not changed at all. we remain committed to supporting peace and stability across the taiwan straits, and ensuring there is no unilateral change of the status quo. i would add that why it is so important that putin pay a dear price for his barbarism in ukraine. the id

>> the stability of chad is a key issue for the entire region. not only as being fortified but also for the rest of the neighboring countries. i am thinking about sedan -- sudan. most of it is committed by the militia. the conflict crosses the border into chad. looking at the southern border, also the situation with the central africa republic has been a cancer in the past era. especially after the inclusion of russian nationalism, last year in may and september. this is something that the authorities are monitoring closely because they may be factors in the country. a stable chad, they're currently in chad on the southern border. the same thing for sudan. the eastern border is a full of sudanese militia. chad is a key. in determining to maintain the stability, but they affect the authorities election. it is one of the key conditions. there are many transitions ongoing in the region, especially now. it is not the only one but for the moment, we will have to see if this will continue to be the case. >> i know we touched on this early in the conver

maybe it is plateauing, and things are stabilizing. the risk is stabilizing further.isa: if it accelerates, if wage growth accelerates, it is in trouble. what does that mean in terms of how this inflationary impulse compares to the 1970's, or historic bouts in the past. andrew: this is better than the 70's in the sense that we had a long. of to height inflation, and institutions lost credibility. it took a crushing recession to bring inflation down. what i mean by the economy being in trouble or a difficult spot is that the potential for a soft landing becomes less and less. it becomes a lower possibility event. we have heard that in principle, there will be a soft landing, and it is plausible. we could achieve a soft landing. it is a soft-ish landing. it is difficult the land to the extent that inflation takes up further. it could be a more significant slowdown. a more significant recession to bring inflation down. tom: citigroup owns the high ground on international economics with the work of catherine man. now, the bank of england, she has a profound impact on yest

do you buy this stability?l: with the volatility we have seen in the equity market, investors are going back to bonds. it does not mean that they won't resume their self at some point, but obviously they are looking for something a little more comforting amidst what has been a really rocky 2022 for the equity market. lisa: this is actually something bob prince was saying as well, and we were hearing about this rotation away from stocks and into bonds, and yet some people are saying that bond stability will lead to stock stability, that that has actually been the big factor here that has been driving some of the volatility. do you think there are more losses to come on the equity space? michael: i think short term you see bond stability and help stock stability, but longer term you are seeing a repricing and rewriting -- and rewriting -- and rerating, but obviously there is still much so uncertainty unfolding in 2020 there is more to come. tom: the equity we comes from a lack of bid -- the equity weakness comes

important to stabilize the supply chain. that's why we need to deal with the issue of economic security. the offices of the president are given that authority to deal with the issue and for example if there are any difficult issues to be resolve the two countries will be engaged and closer cooperation. for economic security. we decided to pursue this goal going forward. in addition if you look at the financial market, or the foreign exchange market there could be possible shocks. and when that happens, the two countries can step in to help with each other and also the related to the military security and also economic security. especially in relation to the export of defense items. the two countries hope to initiate the negotiations in the area so we can pave the way for promoting our cooperation in the specific fields. this is not just cooperation in terms of word. or empty word, empty promises. it is going to be alliance that takes action together. and with this dd decided to evolve the alliance even further and the united

is it perceived seems a kind of such an island or an oasis of stability? we'd really like to see that that's the way these states have come a long way and in fact, uh, formed not only as independent sovereign states. uh, well, as a unified region that has a common interest and common tasks and common. uh, probably, the challenges and uh for the russian federation, this region is of particular importance. this is a natural neighbor. this is a privileged partner and a reliable partner, with whom we managed to create workers' institutions eurasian economic union sco u dkb. and also to accumulate sufficient experience in trade and economic relations in the conditions of the sanctions war, the commodity turnover of russia in central asia in 2021 alone amounted to 37 billion us dollars it is the largest investor in the region now is the best time for cooperation with large and long-term russia to establish a new format of resource supply plus, this format will increase the value of food security economics education, logistics and transportation. but the main thi

. >> as i said, i think we have a good chance to restore price stability without a recession, without a severe downturn, without materially higher unemployment, and i mentioned the reasons for that, so i see a strong economy now, i see a very strong labor market, for example , businesses can't find the people to hire. they can't find them, so typically in a recession you'd have unemployment. now you have surplus demand, so there should be room in principle to reduce that surplus demand without putting people out of work. the issue will come that we don't, we don't have precision surgical tools. we have essentially interest rates, the balance sheet and forward guidance, and they are famously blunt tools, they aren't capable of surgical precision, so i would agree. no one thinks this will be easy. no one thinks it's straightforward, but there's certainly a plausible path to this and i do think we've got a good chance to do that and our job is not to rate the chances. it is to try to achieve it so that's what we're doing. there are a range of opinions though, and that's only appropriate.

so again stability is good. so you want prices to be set by people buying and selling in the marketplace not because of changes in the value of the dollar. particularly all mainstream economists attribute the 70s and 80s oil experience in large part to the embargoes that were happening with opec and really just extremely constrained supply during the 70s that found rebounded during the 80s and i wonder how you think about that supply side of the dynamic. well, this again is one things we point out is that prices are a symptom of inflation. they're not the cause they're result of when you have in this case a monetary inflation. and so the arab opec made very clear in the early 70s. they said if you continue to have this devaluing dollar. prices are going to go up. and so again, it wasn't so much that oil suddenly became more valuable or opec suddenly became more powerful. he had a greatly weakening dollar. so everyone and then we made we made the situation worse in the us by putting on price controls. and so whic

what we're trying to do is persuade people to stabilize the plot. we're giving them a financial incentive to do the pricing the planet on al jazeera. ah, re, i'll just 0 with i'm carry johnston indo all the top stories on al jazeera, the palestinian authority says it welcomes international support. investigating al jazeera journalist, shaheen black lays, murder by israeli forces. serene was laid to rest on friday, but not before is ready. police attacked her funeral procession. article hate has reaction from around the world. i thousands gather in london on the eve of napa the day when palestinians commemorate the trauma of 948.

i wish you all fruitful and efficient work for maintaining stability and strengthening the economiesuntries. thank you for attention. dear colleagues, in my capacity as chairman, i would like to give the floor, as is our custom in alphabetical order, to the prime minister of the republic of armenia nikol bavaich pashinyan, please, nikol babaevich. you have a word. thank you very much, distinguished heads of state, distinguished participants of the meeting, first of all. i want to thank the kyrgyz side and personally the president of the kyrgyz republic sady nurgadzhoevich for organizing this meeting, some of which and some of the events it was held the day before and for the efforts to develop a wide range of topics for discussion. i would like to take this opportunity to greet the heads of eu member states and the participation of observer states, we are holding the first meeting of the supreme eurasian economic council this year, in connection with which i would like to wish all of us success in continuing fruitful joint work. the statue of the signing of the treaty in the eurasian

employment is key for political and economic stability.owledge what specific measures the state council would endorse. but many economists expect perhaps more rrr requirements that banks as well as a possible cut in interest rates. on inflation, he urged the stabilization of consumer prices which rose faster than expected in april, both consumer prices and factory prices, ppi, and also ensure grain output and supply. caroline: beijing not happy with the w.h.o. right now. what has been the response from beijing over dr. tender' criticism of covid zero? stephen: the response from the foreign ministry spokesperson is emblematic of the sensitivity, put it that way, of covid zero. and perhaps there could even be some internal debate and arguing over the validity of the long-term strategy of covid zero. let's hear the response to yesterday's criticism from mr. tedros criticism, who says covid lockdowns are not sustainable and he urged beijing to rethink the policy. >> we think a relevant individual will make objective views on china's protocols

it is important to stabilize the supply chain, especially the u.s. and korea, we share values of democracy and human rights. like-minded countries share the values, but it would be important to stabilize supply chain. we need to deal with the issue of economic security. the offices of the president are given that authority to deal with an issue, difficult issues to be resolved. the two countries will be engaged in the corporation for economic security. we decided to pursue this goal one forward. in addition, if you look at financial market or the foreign markets, there could be possible shocks. when that happens, the two countries can help each other. related to military security and economic security, especially in relation to the export of defense items, the two countries hope to initiate negotiations so that we can pave the way for promoting cooperation in this specific field. this is not just cooperation. not just cooperation in terms of work, empty promises. it is going to be an alliance that takes action together. the united states and korea, w

this leads to lower prices in the economy and to a general stabilization of the situation.ell, the last fifth principle. one of the most key is the priority of supporting incomes of the population to reduce poverty and inequality at one of the first anti-crisis meetings in early march, the president set a goal to achieve. this year, poverty reduction is an unreality, almost immediately adopted. the first very important decision large-scale expansion of the program to support needy families with children. e, if they were fully covered with us up to 7 years. now children under the age of 16 under these programs with families with such children can receive all the additional support if they need it. this is a very significant decision. it will seriously support families . payments have already begun in may and are planned. there are also a number of support solutions. why is it important? this is not only important social point of view. this is also very important from an economic point of view. because the demand of these groups of the population goes primarily to domestic go

april announced a tender for the purchase of a vaccine against monkeypox to develop a psychological stability and infusion into the team, ordinary army everyday life began with conscript soldiers on the functioning of the belarusian economy in modern conditions. today the deputies of the house of representatives and members of the soviet republic are discussing at a joint meeting with a pledge made by the first deputy prime minister. nikolai snabkov noted the task of the government to maintain all social standards, despite the sanctions on the communications of the free hall. our correspondent. alina lapova. she has all the latest information. alina on the air, the word to you and today the traditional format of communication between deputies and senators with the government is supported by the first deputy prime minister. nikolai snabkov, the main elite motive of today's meeting in the oval hall is the toning of our economy in the current conditions, which is essentially a deep analysis of what has been done and what accents should be prioritized for today and tomorrow, just like last year,

the northern stability in northern ireland? iie: northern ireland stability in northern ireland?in northern ireland? iie: northern ireland protocol is the aspect of the uk— eu arrangement that was reached to facilitate the uk leaving the european union as a member state. uk leaving the european union as a memberstate. it uk leaving the european union as a member state. it focuses specifically on northern ireland. one of the main contentions around it has been the trade aspects, which in part requires some checks to be completed on goods moving from great britain into northern ireland, so for borisjohnson, he is on one side hearing from the dup that the protocol in part related to this trade aspect operation of the protocol is differentiating and separating northern ireland from the rest of the united kingdom, and therefore, it is detrimental to the unionist interests within northern ireland. so it is for that reason borisjohnson is having to pay such close attention to what the dup is saying, and for the european union they are very much minded towards what is happening on the is

stability will be when there will be people happy with how the country is developing.l , thank you very much. for the conversation, we will really believe in victory and stability and recovery, and we thank you for your help in this, and i remind you that we were contacted by ivan miklos , a member of the advisory board of the national council for the restoration of ukraine, ex-minister of finance slovakia what about us? we continue our broadcast. i would say that while integrating into the european union in parallel, we do not forget about nato integration. ukraine still has a chance to become a member of nato without a step in the action plan regarding membership. what is happening with finland now? the usa in ukraine and christina queen, according to her, the submission is not a mandatory condition, but at the same time, here, outside of this stage, it is not a shortened procedure regarding the possibility of finland's accession without a passport to the membership action plan has never been legal a requirement for joining nato, and therefore ukraine can also join t

, it wants everything to be stabilized for stabilization, then when we defeat the aggressor and force moment the situation is not stabilizing, they are destabilizing even because we do not want it and we will say oh, you know, we are currently occupied from donetsk, luhansk, kherson region, and we want to stabilize the situation now, well, let's assume no, it won't be like that, for the first time, it won't be seen in the kremlin, they will say sorry now you won't even say that i'm sorry, they'll say recognize crimea, the russian independent dpr, the lpr, the people's republic of china, we 've had peace for 2 years, but they'll just keep silent. there are days like that two days there are really everything as if nothing is even flying the third day is already flying and this is for reassurance maybe in some region yes well we know there in chernivtsi it happened once in all time i was lucky but in zakarpattia there was already one time so he says there are options for transcarpathia, moreover, i am afraid that as we approach some kind of conditional stabilization, the number of bombin

of the central asian countries depends on the stability of their relations with russia, cooperation between the central asian region and the russian federation will inevitably increase the thoughts that have been voiced more than once on the sidelines of the conference kazakhstan kyrgyzstan already full members of the eurasian economic union, and uzbekistan has become it since 2020. the observer state has also established a partnership through the csto to the organization collective security treaties also included three of the five countries of central asia in the region and russia, there are still a lot of vectors for joint development. the most promising direction is hmm economic cooperation, transport , communication cooperation. cultural and humanitarian cooperation. they talked about the fact that we must preserve our self. here, this is selfhood, it should not be russian or central asian. it must be a eurasian self, but this eurasian self must not turn into what we have called before soil cultivation. that is, do not go into the archaic. this is our egoism that must be directe

we have to strengthen this alliance to defend peace and stability in the region. and in so doing.end the deterrence and response by the united states must be reliable. we have full confidence of response by the united states including deterrence and strengthening the u.s.-japan alliance is important. we hope as many members of the general public will have even deeper confidence in this alliance. and i look forward to cooperating with president biden to that end. >> our policy toward taiwan mass not changed at all. we remain committed to supporting the peace and stability across the taiwan states and insure there is no unilateral change in the status quo. i would add that one of the reasons why it's so important that putin pay a dear price for his barbarism in ukraine. the idea that on your station today and every station in america, they are showing bombings of schools. no military purpose. schools, hospitals. museums. blowing up all the museums. i believe putin is trying to i am nate the identity of ukraine. he can't occupy it but he can try to destroy its identity. the reason i

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