i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from california is recognized. mr. takano: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. takano: i rise today in support of h.r. 502 as amended legislation for veterans to recoupe money. veterans who do not fully access their montgomery g.i. bill up to $1200. the montgomery g.i. bill is being phased out for the more generous g.i. bill. many veterans may not remember the money they paid in or aware they are entitled to a refound of the unused funds. the process to claim that can be difficult and there are times when the veteran can lose out on the money because they waited too long. this legislation eliminates this process making so that the veteran is repaid, no questions past. the bill is fully offset and served by student veterans of america. i thank representative banks for his work on this legislation and the v.s.o. c

and i reserve. the speaker pro tempore: the the gentlewoman from missouri reserves the balance of her time. the gentleman from new york is recognized. mr. meeks: i rise in strong support of h.r. 1159 and i yield myself such time as i may consume. this legislation introduced by the vice chair of the house foreign affairs committee, ms. wagner and mr. connolly and mr. loller showcases this body's steadfast bipartisan commitment to taiwan. as a vibrant democracy and reliable partner of the united states of america, taiwan has long been a force for good in promoting prosperity and development in the indo-pacific and beyond. our longstanding friendship is built on our shared values of democracy and good governance, strong people-to-people ties and strong economic and commercial engagement. when i visited taiwan with speaker pelosi last year, the reception we received from the people was nothing short of incredible. we were welcomed with open arms. thousands of people greeted us. more than that, viewed us

stansbury: i reserve. the chair: she reserves. the gentleman from tennessee is recognized for closing. mr. rose: mr. chair, i yield myself the balance of my time. the chair: the gentleman is recognized. mr. rose: when it comes to censorship or pressured censorship by federal government employees, ignorance is not bliss. my amendment seeks to further the anti-censorship goals of h.r. 140 by requiring mandatory education for federal employees on the bill's new anti-censorship requirements. therefore because of my amendment, federal employees will not be able to claim ignorance of the new requirements we are imp countie. i urge members to vote yes on my amendment and the underlying bill and i yield back the balance of my time. the chair: the gentleman yields. the gentlelady from new mexico is recognized. ms. stansbury: thank you, mr. speaker. i will just take a moment to reiterate that this bill is not as it appears or the majority is proposing it appears to the american public. this bill is not about defending the basic right to fre

i reserve. the chair: the gentleman reserves. the gentleman from new jersey -- mr. pallone: i yield back, mr. chairman. the chair: the gentleman yields. the gentleman from kansas. mr. estes: the commonsense amendment restores the strategic petroleum reserve to protect our nation's security. i urge my colleagues to vote in favor of this commonsense amendment as well as the underlying bill. with that, i yield back the remainder of my time. the chair: the gentleman yields. the question is on the amendment offered by mr. estes of kansas. those in favor say aye. those opposed, no. the ayes have it. the amendment is agreed to. it is now in order to consider amendment number 5 printed in part b of house report 118-306789 the -- for what purpose does the gentleman from oklahoma seek recognition? mr. hern: mr. speaker, i rise to speak on my amendment. the chair: the clerk will designate the amendment. the clerk: amendment number 5 printed in part b of house report 118-30, offered by mr. hern of oklahoma. the chair: pursuant to house resol

federal reserve actually failed in this instance. is the federal reserve the appropriate body to conduct this investigation? or should we have an independent investigation? >> i thank you, senator. that is a terrific question. we describe what we are doing as a review. we are reviewing our own practices. i think it is an important part of richmond meant to do self assessment. it would be irresponsible and imprudent of us not to do self assessment. we are going to take that very seriously. we are going to be thorough, we are going to be transparent, and we are going to be far-reaching in that self assessment. i also think that it is appropriate for outsiders to have independent reviews. we expect and welcome independent reviews of our actions. if you uncover, in your investigation, that the federal reserve failed here and some of its supervisory roles, what do you make that public? >> yes, we intend to make a report fully public on may 1st. that report will include, normally it is not our practice to include, but that report will incl

smith: reserve, yes. the speaker pro tempore: the gentleman reserves. the gentlewoman from pennsylvania is recognized. ms. wild: mr. speaker, i have no further requests for time and i am prepared to close if the other side has no further speakers. the gentlewoman from pennsylvania is recognized -- the speaker pro tempore: the gentlewoman from pennsylvania is recognized. ms. wild: i yield myself such time as i may consume for the purpose of closing. the speaker pro tempore: the gentlewoman is recognized. ms. wild: mr. speaker, h.r. 1107 is an important bipartisan measure that calls out the people's republic of china for failing to do its part in international organizations and treaties and calls on it to do more. at the same time, the diplomatic actions that this measure calls for highlight just how critical it is that the united states remain engaged and present in international and multilateral forums and treaties. we can only shape global decisions for the benefit of u.s. interests and can only counter the p.r.c. if we are in the room. we have to nego

reserve actually failed in this instance. is the federal reserve the appropriate body to conduct this investigation should we have an independent investigation. >> it's a terrific question. we describe we are doing is a review. we are reviewing our own practices. i think it's an important part of risk management to do self-assessment. i think it would be a responsible and imprudent of us not to do self-assessment. we will take that seriously, be thorough and transparent. we will be far-reaching in that assessment. i think it's appropriate for outsiders to have independent reviews and we expect unwelcome independent reviews of our actions. >> and if you uncover in your investigation the federal reserve failed in some supervisory roles will you make that public? >> yes we intend to make our report fully public on may 1. that report will include -- normally it's not our practice to include but the report will include confidential supervisory information such as >> the exam reports. >> in the scope of your review you identify the

rodgers: i reserve. the chair: the gentlewoman reserves. the gentleman from new jersey is recognized. mr. pallone: i yield three minutes to the ranking member of the energy subcommittee, ms. degette. the chair: the gentlelady is recognized. ms. degette: i rise in strong opposition to h.r. 1. this bill puts the needs of the oil industry over the health and well-being of the american people. instead of protecting the communities we are here to represent, the bill will cause harm to people's health and degrade our environment. while my colleagues on the other side claim that it will lower americans' energy costses, the bill does the opposite and here's why. by opening l.n.g. exports and doubling down on fossil fuels, this legislation will further increase our reliance on global oil and gas markets and further subject to the volatility of the global marketplace and frankly, it will do knowing to increase our security here at home because we simply can't dill our way to lower energy costs. the only way to bring lower energy costs down here in am

i reserve. the chair: the gentleman reserves.tleman from kentucky is recognized. mr. comer: i reserve. i have no further speakers. the chair: the gentleman reserves. the gentleman from new york is recognized. mr. goldman: thank you, mr. speaker. we've now been here for about an hour, we've yet to hear any evidence at all that the f.b.i. has in any way censored anyone on social media, on twitter or otherwise. what we have heard is a private company has temporarily, temporarily restricted a false article from appearing on its website based on serious suspicions of its derivation and in fact the same basis for that false article, a hard drive, has proven subsequently to have been altered. so the basis of what we're talking about under lying -- underliing their concern was false. but nevertheless it was still able to be sent around the internet with ample time and the social media site even apologized for doing it. this is a bill that once again is a solution searching for a problem. our first amendment covers everything that's in he

are simply on the lists, now there is a call for the so-called human reserve of the general reserve,ing added an alert occurs. they arrive at the assembly center and after that go through the coordination of training and either go to the front or stay in the respective military units. well, it is up to the decision of their commanders. they know better than the military units . to involve in logistics, this is already such a military routine work, we are now calculating that all military personnel who will be mobilized in the future will be reservists. of course, now the figure we know a clear figure, we roughly know it, let's say up to tens of thousands . but now, in the given conditions, you understand that in certain regimes, i wouldn't say that the numbers are secret, but secrecy , but we already understand that it will be several hundreds of thousands of people. we know and we understand it, and in fact we are already preparing the base for this in advance. we are already conducting communications even with the military and civil administrations for the future because , for exam

, how many reserves can be used or involved in the bakhmut direction .sible that there is another situation, let's say so, where our fighters under bakhmut are drawing upon themselves the colossal forces of the enemy, at the same time it is possible that a counteroffensive is being prepared higher in severodonetsk, then higher solidar , for example, and in this way it is possible that there is a threat from the encirclement , including the great grouping of russian troops, troops above bakhmut. success, we repelled a few russians from the road to kostyantynivka, of course, the logistics are still interrupted, we use the road at the time of yara , and so on. the question of which reserves will be used is a matter for our command. i cannot comment here, but for example, the establishment of special operations forces units for all battles what mr. syrskyi said. well, it can partially improve the situation because the sso is precisely trained to work in urban battles, to work in small groups, and so on, on the other hand, without holding the line. it will be

i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from new york is recognized. >> i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. meeks: mr. speaker, i rise in opposition to house concurrent resolution -- mr. speaker, though i oppose an indefinite u.s. military presence in syria, this measure force as premature end to our mission at a critical time for our efforts. forcing such a premature removal of u.s. forces not only endangers our national security, it threatens that of our allies den den al whries and partners a-- allies across the region and beyond. most of all the syrian kurds. our very small footprint in northeast syria alongside our courageous syrian kurdish partners continues to serve a valuable purpose as we partner with them and ensuring isis does not reconstitute and again destabilize the region or use syria as a base for attacks elsewhere. we have seen how isis has wrought its brutality not only on the populations of syria and iran, especially against et

grijalva: reserve the balance. the chair: the gentleman reserves. the gentleman from arkansas is recognized. mr. westerman: mr. chair, may i inquire again of the time left. the chair: you have 13 minutes remaining and the gentleman from arizona still has five minutes remaining. mr. westerman: i yield three minutes to another member of the house natural resources committee, the gentleman from california, mr. duarte. the chair: the gentleman is recognized. mr. duarte: i thank the gentleman from arkansas. mr. speaker, i rise in strong support of h.r. 1. we hear today that it's not very interesting to discuss the constitution to some. well, let's see the constitution in operationed too. we are the champions of abundance over here and we want to show the american people, the working families in america what an abundance agenda looks like and show them our commitment to improving their lives with abundance. and we stand here arguing, in my opinion, with the lords of scarcity. they want to protect our forests until our forests burn. they want to leave amer

i reserve. the chair: the gentleman reserves. and the gentlewoman from north carolina is recognized. ms. foxx: thank you, madam chair. madam chair, i will respond to a comment that my colleague on the other side of the aisle mentioned a few minutes ago. i'll point out that the manager's amendment that we will debate clarifies the intent of the language the ranking member was reading. the mappinger's amendment -- the manager's amendment makes it clear that the school district's responsibility is to the parent's child, not any child. and with that i reserve. the chair: the gentlewoman reserves. and the gentleman from virginia is recognized. mr. scott: i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. scott: in that case, madam chair, the individual child will be identified and will be essentially outed. and that's even worse than the underlying language. i'll reserve the balance of my time. the chair: the gentleman reserves. and the gentlewoman from north carolina is recognized. ms. foxx: madam

it is a good year because we can focus more on the rest of the simonta silicate reserves.n has good access to the sea . we can work on different wines more. from discovery to exploitation, it is a long road, but in terms of high-tech processing, in fact , many consider lithium as a metal, but if we think of it, lithium carbonate and lithium salts are the most sold. we can convert it into lithium salts make it faster, thank you. may you tell mashhad, mr. kiani, a senior expert in economic geology , what stage we are in in terms of the exploration situation , was the exploration situation and the farmers' focus on one material the main product or not? hello and i have the courtesy to serve you that lithium is an element that is found in the geology of iran and on the other hand because the technology capacity has existed so far because of this very strong recent progress due to the new administrations of the country. we want tunisia to take good steps in this direction among them, there is a positive view of the lithium mine reserves, which considering that our country actua

apu accumulate reserves in the northern and southern directions of the special operation. russian troops are ready for any development of events and holds the initiative on all fronts, according to the ministry of defense, centurions, kiev militants were destroyed in a day, military depots, armored vehicles, missiles and drones were liquidated with targeted strikes, and in the kharkov region, fighters shot down a ukrainian su-24 bomber for six the situation in the donetsk direction is being monitored by the military correspondent of the all-russian state television and radio broadcasting company yevgeny , indeed, the enemy managed to form reserves in the north of the special military operation zone and in the southern direction and strikes maybe several, but the command of the russian group. naturally, we are ready for any development of events. despite the fact that the initiative is now in the hands of the russian units and subunits. let's talk about everything in order, as a result of successful actions and our army. she avdeevskoe direction can be said that there is a

well, the federal reserve is to blame. they created the situation with her about 12 years of money burning, and during that period a lot of the financial instruments. so the balance sheets of banks are very low interest rate instruments. and now the federal reserve, as a rapper, the raise interest rates, so that it depreciates the values on the banks balance sheets, but it doesn't, the preciate, their liabilities. so the feds policy of raising interest rates forces banks in the bankruptcy. this was the reason the silicon valley bank failed. it was simply forced into bankruptcy by the federal reserve raising interest rates. now other banks will be vulnerable to this also than the next rooms at vale, or be those who have a large amount of low interest rate, financial instruments on their balance sheets that we see already. i leased their reports, you never know any more points. you can believe, but we see reports that already a trillion dollars. i've been pulled out of the smaller banks. that this doesn't affect the very lar

second, the federal reserve. the bank term funding program a new facility to provide term funding to all insured depository institutions eligible for primary credits at the discount window. based on their holdings of treasury and agency debt securities. this program, along the existing pre-existing discount window has helped banks to meet depositor demands and bolster liquidity in the banking system. targeted approach is necessary these actions have helped destabilize deposits throughout the country and provide depositors with confidence their funds were safe. in addition to these actions on march 16, 11 banks deposited $30 billion in the first republic bank. the actions of these large and midsize banks represent a vote of confidence in the bank system. and demonstrate the importance of banks of all sizes working to keep our economy strong. the deposits in certain assets of signature bridge banks were acquired from the fdic's and on march 26 the deposit in certain assets of silicon valley bridge bank acquired fro

the reserves were run by nuns and priests. their mission was to evangelize the savages to assimilate them. we're building a garden for pictures from a school. so this one is good business. so the students girls, the nuns, and these are the brothers ah blade brothers. and that prisoners are here, it's hard to resist at that time, very hard to resist. ah, ah, in from the age of 4 or 5, children were torn from their families and handed over to missionaries to be educated. they were sent to what were referred to as residential schools. ah, the system was mandatory under the indian any families refusing to release their children or persecuted oh and denied the meager state allowance because i had long hair and i put it in rate. so somebody comes behind me, cuts my brain off, my hair falls over, it looks like this. ah . as soon as the children or anything that identified them as indian was eliminated, their clothes were burned. they were forbidden to speak their own language. ah, they were issued with a uniform and a number is going

gut: she is with the federal reserve bank. voting members sometimes vote on policy but they are all very actively involved in policy and setting interest rates and emergency measures and things of this nure. president khkari, to his credit, very willingo sit down with me to awer questns to sit for an hour, hour and a half interviews to answer questions that i think the public has about what the fed has been doing. host: would you say he agrees with chair powell'secision about interest rates and also pulling back on intere rates -- pulling back the balance sheet? guest: for a long time he was basicay saying he was all in favor of easy money policies. in order to try to stimulate economic roads. e to basically keep inflation under control and two to y to create employment in this country. . kashkari has always been in favor of trying to get full employment when inflatio started to creep up, hthought itas transitory. to say it was basically temporary. supply chain problems by the pandem and other problems they hoped would just go

>> the federal reserve did not. >> if you had stress test. let me put it this way, if you had stress test silicon valley bank in 2022, it wouldn't have made any difference would it? >> i don't know the answer to that question. >> well you didn't test for silicon valley bank's problem. i've read your report. your stress test, stress tested these 34's for falling gdp, a spike in unemployment and defaults in commercial real estate. isn't that correct? >> yes in a typical adverse scenario for banks >> testing falling interest rates. >>>> but that wasn't the problem. >> i completely agree. >> the problem is inflation, high interest rate and loss of value in government bonds. >> i completely agree with you. >> so you stress tested in 2022 for the wrong thing. >> the stress test is not the primary way that the federal reserve or the regulators test for interest rates. >> but you stress tested for the wrong thing. >> as i said i agree with you it would've been useful to test for higher interest rates, that's why in our alternative scenario that we pu

i was raped by a priest when i was young on my reserve. i was raped by 2 police officers here in thunder bay, 122-001-2014. i've been beaten by men by my partners. really bad, where my doctor's, my doctor file is about that sick with pictures of you couldn't even recognize my face. broken bones no more stolen sisters. no more storms, no more. it's stolen. good. no with stolen sisters. more than 4000 of them in 30 years. it's a phenomenon rooted in the country's history ah ah, 3000000 that are going to go. we use and i made it failed, but ideally chaslek year old knowledge was focal more of neat and clean. so keep, i keep them up recorded, of course that, that in even fee for me from all you all know me as i was on the medi medicare press. 4, you can throw this up here, but i keep calling you. i just want to get a proposal model. now the key for table transit watson, a big rush that is in the book. you know, please send me your thoughts. thanks honey. i got a terrible thing for that key. you're paying for gold there? yes. i'm a do not need

there has never been a latino federal reserve president.and further, only about 5% of the federal reserve's overall workforce identify as hispanic or latino. as we do over the past year so there have been several presidential vacancies at the federal reserve banks on there is still been consistent failure to appoint a latino candidate. chair powell are you aware of this training and do you agree it's a problem that diversity and inclusion numbers are in federal reserve board are not reflective of the latino population? >> guess is something we have been focusing on. >> and can we get a commitment from you you will work on the workforce issues internally? >> yes. >> thank you so much. i would like to now follow up a little bit on some of the questions from representative at norman because i do have a concern about housing cost particular how it relates to equity and the negative impact on minority communities. i think you said your paper activity in the housing sector continues to weaken largely reflecting higher mortgage rates. the rates ar

and i reserve. the speaker pro tempore: the gentleman from pennsylvania reserves. the gentleman from massachusetts is recognized. mr. mcgovern: i thank the gentleman from pennsylvania for yielding me the customary 30 minutes and i yield myself such time as i may consume. mr. speaker, we are here today to consider a rule for h.r. 1, a bill that might be called polluters over people act and yet another example of how this majority instead of helping everyday americans is doing the bidding of deep-pocketed friends. we had another mass shooting yesterday but republicans won't lift a finger because of the gun lobby. we had another trail derailment but won't lift their fingers because of polluters. our pln et is on fire because of big oil. banks are going under and want to regulate more to help friends on wall street. they want to protect kids from what teachers teach in the classroom but not against lead pipes in schools. they say want to stop inflation but won't go after the billionaire corporations while they rip people off. time after five after time republicans put

coin task force released their report on the state of coin a few months ago the fed reserve and u.s. mint will be contracting with a third party consultant to review the coin supply chain and develop recommendations to improve it. chairman powell, could you provide us with an update on what the fed has learned from its review of the coin circulation issues that occurred during the pandemic? >> so we know that the flow of coins, the natural flow of coins in the economy, sewed down a lot because people were staying home and they may have switched to noncoin-based means of payment we feel that's continued now people are paying electronically and things like that and coins are sitting in jars and or people's desks at home and are not circulating back into the banks and thus to the retail stores and so we're working on that, working with the mint, with all the stakeholders in the coin ecosystem to try to address this problem and we're well aware of it. >> so it seems to me what we learned from that is that it probably is necessary to have a greater reserve of coins if there is such an int

i was raped by a priest when i was young on my reserve. i was raped by 2 police officers here in thunder bay 182-001-2014. i've been beaten by men by my partners. really bad, where my doctor, my doctor file is about that thick with pictures of you couldn't even recognize my face. broken bones no more stolen, sisters, a stolen sisters more than 4000 of them in 30 years i. it's a phenomenon rooted in the country's history in rec center, and i'm here to played with you whatever you do. you do not watch my, your show seriously. why watch something that's so different. my little opinions that you won't get anywhere else, work of it please, or do you have the state department, the c, i a weapons, bankers, multi 1000000000 dollar corporations. choose your facts for you. go ahead. i change and whatever you do. don't watch my show to stay mainstream because i'm probably going to make you uncomfortable. my show is called direct impact. but again, you probably don't want to watch it because it might just change the way you think . ah, ah ah, need to

put me in a little jail to reserve not part of canada. never be part of the school years technicians in terrible people. ah, it's impossible to forget what app is there. ah we always shy but tobacco? we call dish. wonder rock and it's a very sacred rock. it gets here and it's a big, big rock. and we call it a grandfather rock. we think a grandfather for looking after us and taken care of us as we travel. they tried to tell us that this with savage, this was a pagan way of doing things here that's with in the school. i was electrocuted twice. i was only 7 years old. just too high for me. so somebody to put me in the chair and my feet are up, can even touch the floor and they turn the power on electricity, then you can't. when the electricity goes, you can let go. because the gen, the electricity makes you tighten it. he can't like go through you. you were tortuga. ah, they make a book because they went to their line. so they broke their children. why did i go, did this or do anything i was touched, the child with 30 below cold edmond. our

chairman, i reserve. the chair: the gentleman reserves. the gentleman from washington is recognized. mr. larsen: mr. chair, we're prepared to close and so i'll take this time to close. the bill before us today is permitting reform in name only. putting polluters who want to fast track questionable projects ahead of the public's interests. it includes unnecessary and unwarranted giveaways to fossil fuel and mining industries, and this polluters over people act also repeals historic investment in clean energy and climate change investments passed by the previous congress. i agree with the administration's statement on this bill which called for working in a bipartisan manner to address loweriing inner cost, -- lowering inner costs, -- energy costs, work in a bipartisan planner to address our energy challenges. i know my colleagues want to speed up product delivery and i share that goal, but that's not going to be achieved through h.r. 1. in the last congress the house and congress had a bipartisan infrastructure law. including major investme

and i reserve the balance of my time. the chair: the gentleman reserves. the gentlewoman from north carolina is recognized. ms. foxx: thank you, mr. chairman. i yield three minutes to the distinguished gentlewoman from louisiana, dr. letlow. the chair: the distinguished gentlewoman from louisiana is recognized. ms. letlow: i rise to join my voice with millions of american parents as the house considers h.r. 5, the parents bill of rights act. h.r. 5 is about one simple and fundamental principle -- parents should always have a seat at the table when it comes to their child's education. we believe that learning is a partnership between a family and their child's teachers. this bill is the vehicle by which we can put parents and educators together at the same table to have a productive dialogue. this bill is not complex or complicated, nor should it be partisan or polarizing. and contrary from what you may hear from my colleagues on the other side of the aisle, it is not an attack on our hardworking teachers who will always be the heroes in my eyes. it is not

ahead of the federal reserve meeting. thank you. ahead, we speak to ellen zentner at morgan stanley and andreas jobst of elias -- of allianz on whether the fed will hike or pause next. this is not a conversation you want to miss. this is bloomberg. >> this is bloomberg markets. i am kriti gupta. we were just list. we are about 40 minutes away from the fomc decision. joining us now is ellen zentner chief u.s. economist at morgan stanley and andreas jobst head of macroeconomics at allianz. where they differ is the forecast in cuts. andreas: critically important is the fed is currently very much driven by data. setting policy rates and guiding forward. data that is coming in is the best coincidental, or, also, when you look at the employment data, it comes with lag. so, we believe that there is a recession in the making. we see indications not only in terms of monetary, but also, the labor market is showing signs of significant weakness. when it comes to the starting of the pivot, q3, q4, a contraction of about one percentage point, th

the same as what the red army did , restraining the german offensive at the time and accumulating reserves, but nevertheless it will affect the fighters on the fact that there is a very strong shortage of ammunition, in particular 122 152 caliber 120 mines for mortars what is this connected with, how can this situation be eased p novels well, i would not compare our army and in general our society with the soviet army with that society so that it is then this is this i believe such comparisons are absolutely unacceptable because the soviet army always pressed the infantry with its two-armed weapons, and even when zhukov declared that there were many infantry and limited ammunition, therefore any movements were made by the infantry. and if you look at the statistics, that is in general, it is now known to everyone that the soviet army at that time suffered a greater national loss of manpower, this is precisely the evidence of that unprofessionalism and exclusively due to the pressure of the enemy's live force. in our case, every life is important to us. each of our servicemen is extremely i

guest: with the fed reserve raising rates they were a little late in controlling inflation. but once hgot ouof conol 9% inftion last yearhey were forced to raise rates aggressively and mortgage rates ot up from 3% up to 7% by the middle of november. that will kill off the buying market. people wantedo buy and people said $00 per mon mortgage i can handle about 3500 i mply cannot. so people were ford to drop out of the market based on the market and they are beginning to link them. but again we have a shortage of sting in the marketplace coared to pre-covid. host: it went to a high of 7% and now it is at 5%? guest: 6.5%. because of the regional bank debacle situation. ani would predict mortgage rates could go a little lower for the reason that apartment building is robust and rent cannot increase at such a strong rate that it has been. with the increase of supply in rental units, the rent will come down and when the rent comes down, the overall price inflation will come down. we are all frustrated about egg prices but that is 1% of the budget. 30% of the budget goesnto housin

however, the target rate that the reserve federal reserve wants is 2 percent were a healthy economy and we're still obviously triple that. so not only will we be hearing more about the board's decision making process, leading to this point $25.00 basis points, rate hike that they now to day. but we'll also be getting more of a forecast what the chair, jerome powell foresees for g d, p growth, for how long this inflation will stick around in the us. all of those answers to come when he gets his press conference. absolutely, from the moment, how does your customer it? thanks very much for keeping up state will release his lines that from washington. that's cross over to robert scott. he's a financial analyst and a former senior international economist at the economic policy institute. he joins us live from rockville, maryland. good to have you with us. so is this the right decision by the federal reserve to raise interest rates by 0.25 percent? absolutely, my fear is it. it's going to push this further in the direction of recession, and i think it's going to the hardest on black and brown

federal reserve booths interest rates by a quarter of a percentage point. the pressure on the banking sector could pull was any further rises. ah, any book this is al jazeera life in london also coming up and go over in action in beirut protests against a devastating financial crisis that shows no sign of increase reports of sexual violence linked to m. 23 rebels in the east and d. r. c. survivors tend to each other for support a more than a quarter of a world when access to clean water, the un says a global water crisis is imminent. ah, the u. s. federal reserve has announced its hiking interest rates by $25.00 basis points to 5 percent. the fed says the rise is aimed at reagan again, inflation is cost cause a cost of living crisis. policy makers of indicated they could be one more interest rate rise this year, but the recent term all in the banking sector away on economic growth, the federal reserve working with the treasury department and the f. d. i see took decisive actions to protect the u. s. economy and to strengthen public confidence in our banking

federal reserve meetingsilbe at 2:30 this afternoon. a couple of ways you can see it, go to our app at c-span now. watch it there. you can also watch on our website at c-span.org. we will finish off the half-hour. until 8:00 with a roundf open forum. if you want to participate you canalk other aspects of news playing out. democrats, (202) 748-8000. republicans, (202) 748-8001. independents, (202) 748-8002. how you can participate in open forum on the phone lines. if you want to text you can do that at (202) 748-8003. post on facebook and twitter as well if you want. one of the other financial views that came out yesterday it was from the treasury secretary janet yellen making comments to the american bankers association. she defended the government's decision to backstop posits when it comes to those two failed banks. you can see this whole presentation on our website at c-span.org and at c-span now our app. this is a portion from secretary janet yellen yesterday. [video clip] >> let me be clear, the government's recent actions have dem

in response, the federal reserve has raised the federal reserve fund rate more than four percentage pointsbeing far from transient, inflation has remained persistent, high and well above the feds a long run goal of remaining under 2%. in the coming year, what factories and indicators are you paying attention to as you and the federal open market committee decide on whether to increase rates? >> it's a couple of things so that. first, we're looking at inflation in three sectors the dimension. the good sector, the housing sector and the broader service sector. we need the inflation that's already underway in the good sector to continue. it's really important in the housing sector. we just needed the time to pass with a report of inflation comes down. it's effectively in the pipeline as long as new leases are being signed a relatively small increases. we'll be watching very carefully that the larger service sector which to de-6% of the consumer spending and more than that of what's currently inflation. that's one thing we'll be watching that very carefully. we raise rates very quickly last ye

i was raped by a priest when i was young on my reserve. i was raped by 2 police officers here in thunder bay, one of 20012014. i've been beaten by men by my partners. really bad, where my doctor, my doctor file is about that thick with pictures of you couldn't even recognize my face. broken bones. no more stolen, sisters are no more. it's stolen, sister golden with stolen sisters. more than 4000 of them in 30 years. ah, it's a phenomenon rooted in the country's history ah ah, ah, during the 2nd well, when nazi occupied, poland valinda was a farming region. today is part of ukraine. between 1943 and 945 members of the ukrainian insurgent army led by stepan bandera. nasa could thousands of poles in virginia in a diabolical ethnic cleansing process. the mergers were particularly horrific and brutal villages were burned and property looted. the belinda massacre is without doubt, one of the bloodiest episodes in polish ukrainian history. my al ukrainian politician, still reluctant to talk about these events, how to modern day ukraine and poland

that the republic of islamic iran will do this if we were not to rebuild the reserves in the north and south of the country. if the sea is divided into three parts, our shallow waters that have excessive fishing, well, this is a specialized term. and there are habitats where we can maintain the stability and statistics of our sid the downward trend in the form of minimal stability in the reserves was removed. it is assumed that we still have time based on the allowable amount that can be harvested, which the research states that after the assessment of the reserves , the fishing effort will actually increase. these numbers are also verifiable. no, sorry, i want to say this in simple language, if today, according to the duty assigned to us by the law, the barrel of a million pieces has been released in the sea , how can it be measured and made sure that you open here, in addition to the fact that in all the count is monitored and the development of propagation and release is monitored our experts are present, you show your answer in the reserve, release, if there was no release , you wi

foreign reserves against assets. this program it faces and makes clear ample liquidity in the system are available. >> the decision to raise the interest rate is the result of two competing forces. however, there was the other pressure that was a result of the banking crisis that appeared to develop overnight two weeks ago. there had been tensions bubbling under the surface for a long time, but what happened was two medium-sized banks ran out of money to return to depositors. assets dropped in value and bounds were no longer as valuable after the many interest rate hikes. seeing this type of one quarter of a percentage point is finding a balance between those forces. >> janet yellen said she would work with the senate to ensure those responsible are held accountable. she warned the failure of a small bank could trigger bank runs. she said the top priority was stabilizing the banking system and proving -- improving public confidence. earlier i spoke to a consultant who explained how raising interest rates helps reduce

that's cascading across the markets by holding reserves 80% of u.s.roviding daily transparency of that through a registered supervised reserve fund with blackrock. that provides an enormous amount of assurance. continuing her stations working with top insurance firms and making sure that those reserves, the cash piece are held in the highest rated lowest risk cash custodians. trapped funds in a failed bank is entirely responsible for that. obviously will want to make sure is we are insulated from that reserve banking system which continues to cascade today and tomorrow. francine: have u.s. regulators voiced concerns about that? have you heard from them? >> we talk with all of our regulators. everyone wants to understand, how are the liquidity operations functioning, are we meeting our statutory obligations. so those are really the key things we are focused on. tom: they've talked about -- some of your competitors have talked about the rationale for having bank. will you be looking at some point fraley banking license -- for a banking license. >> we wo