. >> and now remarks from federal reserve chair jerome powell on the u.s. economy and his agency's response to the coronavirus. he spoke last week at a virtual event >> federal reserve chair jerome powell discussed the u.s. economy and his agency's response to the coronavirus pandemic, at a virtual event hosted by princeton university. chair powell: hello everybody. i'm a professor

the house select cubs subcommittee on the coronavirus crisis resistant to hear from former federal reserve chairs about economic inequity during the pandemic. live coverage here on c-span2. >> george w. bush in 2006 and oversaw the federal reserve is response to the global financial crisis. before his tenure as fed chicken dr. bernanke served as the chair of president council, bush is council of economic advisers. dr. yellen served as vice chair of the federal reserve until 2010, 2013 before being appointed chair. in 2014 of our president barack obama. dr. yellen also previously served in the white house as chair of the council of economic advisers. this is the first time that either dr. bernanke or dr. yellen has testified before congress since stepping down from the federal reserve. these extraordinary times require congress to seek out advice from experts with extraordinary experiences. as congress works to end this economic crisis and enable a strong recovery, we are fortunate to benefit from their individual insight and gain from their unique position as federal reserve chairs during the las

is coming together to hear second -- testimony from treasury secretary steven mnuchin and federal reserve chair jerome powell, likely a discussion this morning about small businesses and what the treasury department or federal reserve can do to help out small businesses. i want to let you know about that -- 10:00 a.m. eastern time on capitol hill. you can watch that on c-span, c-span.org, or you can listen if you download the free c-span radio app. they are likely to be asked about this headline in "the washington post as well -- "washington post" as well. a chair has not been appointed, but there are four members and they put out a 17-page report finding that the money from the $500 billion fund created by the first cares act to help businesses and local government, very little of it has been spent. so those two will be asked about that this morning. again, 10:00 a.m. on c-span, or watch on our website, c-span.org ap.ownload the c-span radio the federal reserve chair is likely to be asked about a "60 minutes" interview where he set the fed has not used all of its tools and will use more if it

former federal reserve chair janet yellen has been nominated as the next u.s. treasury secretary, president elect joe biden's. chances choices for his economic team make it the most diverse in white house history. and the c.e.o. piece. prime minister says his forces have not killed a single civilian during the conflict in t. . great. it has been urged to engage in constructive dialogue with to great leaders during a phone call with the u.s. secretary of state. turkey is going to impose full coronavirus lockdowns on the weekends and then 4 enforce curfews on weekdays. as the country has experienced the week of record increases in new cases and deaths. the turkish medical association warns hospitals have reached capacity with new 30000 cases every day. and could impose nationwide, we can curfews in mid november restrictions, the opposition says, turned out to be insufficient. 8 prisoners in a straight line can jail have died after guards opened fire to stop a riot over a rise in corona virus infections. and that the 71 inmates and 2 guards were injured at the fac

former federal reserve chair janet yellen has been nominated as the next u.s. treasury secretary, president elect joe biden's choices for his economic team, make it the most diverse in white house history. and ethiopia's prime minister says his forces have not killed a single severely enduring the conflict in te grey was urged to engage in constructive dialogue with the gray and leaders during a phone call with the u.s. secretary of state prisoners in a straight line can jail have died after guards opened fire to stop a riot over a rise in corona virus infections. another $71.00 inmates and 2 guards were injured at the facility on the outskirts of colombo unrest in sri lanka's overcrowded prisons as being fuelled by the pandemic. inmates at several prisons have staged protests in recent weeks after more than $1200.00 prisoners and guards tested positive for the virus across the country. well, turkey is going to impose full coronavirus lockdowns on the weekends and then force curfews on weekdays, its daily death toll hit a record high for an 8 consecutive day on

earlier today the federal reserve chaired -- federal reserve chair jerome powell and secretary steven mnuchin testified remotely before the banking committee about the $2 trillion cares act which passed in march as part of the government's coronavirus response. watch it tonight. >> tomorrow testimony from the epa administrator andrew wheeler on the agency escwa role in the coronavirus. live on wednesday at 10:00 a.m. et and a confirmation from mark leslie to serve as the entered -- deputy energy secretary. c-span.2:30 eastern on he spent has unfiltered coverage of congress, the white house, the supreme court and public policy events from the presidential primary through the impeachment process and now the federal response to the coronavirus. affairswatch the public programming on television, online or on our free radio app and be part of the conversation through the washington journal program. americansn created by cable television companies as a service and brought to you today by your cable television provider. >> earlier president trump spoke reporters following a meeting with sena

is coming together to hear second -- testimony from treasury secretary steven mnuchin and federal reserve chairerome powell, likely a discussion this morning about small businesses and what the treasury department or federal reserve can do to help out small businesses. i want to let you know about that -- 10:00 a.m. eastern time on capitol hill. you can watch that on c-span, c-span.org, or you can listen if you download the free c-span radio app. they are likely to be asked about this headline in "the washington post as well -- "washington post" as well. a chair has not been appointed, but there are four members and they put out a 17-page report finding that the money from the $500 billion fund created by the first cares act to help businesses and local government, very little of it has been spent. so those two will be asked about that this morning. again, 10:00 a.m. on c-span, or watch on our website, c-span.org ap.ownload the c-span radio the federal reserve chair is likely to be asked about a "60 minutes" interview where he set the fed has not used all of its tools and will use more if it ne

federal reserve chair jerome federal reserve chair jerome powell said the central bank will use its monetarypolicy tools to keep the economy going. during his news conference wednesday, chairman powell indicated that interest rates will remain low for the time being and suggested that more federal stimulus might be needed to respond to the impact of the virus on the economy.

institution and it is my great pleasure to welcome to this virtual stage our honored guest, federal reserve chair, jay powell. at this moment of unprecedented challenge, not only to our public health system and our health in general, there is an enormous challenge to our economy and chair powell and his colleagues moved forcefully and quickly in responding to this crisis. solutions,creative keeping credit flowing to houses and businesses and prepare the economy so they can recover when this virus -- so it can recover when this virus recedes. and it surely will, ladies and gentlemen. your work, sir, and that of your colleagues, is far from over, but we are in good hands under your leadership. indeed, leaders are tested in times of crisis and this crisis tests our leadership in no uncertain terms. you have risen to the occasion. it is safe to say we and all americans have appreciated your calm, decisive leadership in this moment of peril and on behalf of of all of us at brookings, please let me commend you on the powerful example of american leadership you have set for us all and continue to displa

on c-span3 at 10 a.m., federal reserve chair jerome powell testifies for the house financial services committee on monetary policy and the economy. later at 2:30 p.m. house armed services subcommittee examines white supremacy in the u.s. military. >> c-span, your unfiltered view of government. created by cable in 1979 and brought to you today by your television provider. >> a house financial services subcommittee recently held a hearing on mobile payment technology.

but federal reserve chair jerome powell gave a rare sit-down interview to "60 minutes." hile he said the federal reserve has plenty of ammunition to fight an economic recession, did he also send a hidden message to congress and the president so president? we've got somebody to decipher that when "the claman countdown" comes right back. look at the dow. now at session highs. go, go, go. liz: all it took was another commercial break and look at the dow jones industrials. we are now at session highs, up 966 points. the nasdaq better by 242. much of this is fueled by yes, positive developments as we have said with the moderna vaccine but also by market watchers who honed in on federal reserve chair jerome powell's words last night, when he sounded an optimistic note on "60 minutes" but while he says he does not give advice to congress, he kind of did. >> i don't give them advice on particular policies with ybut i say if i may that policies that help businesses avoid avoidable insolvencies and do the same for individuals, keep workers in their homes, keep them paying their bil

this as team biden pushes forward with its own cabinet picks, and among the big names, former federal reserve chairet yellen to treasury tracie potts is joining us now with more on a pick that the market seems to love >> reporter: absolutely because she's seen as sort of not too hard, not too soft, but right there in the middle when it comes to dealing with wall street and the banking industry, liked by both conservatives and progressives as well so we expect to get that announcement along with others later today. president trump though saying that he is not completely giving up, not conceding even though his administration's giving the transition the green light, the pentagon saying that they are already reaching out to the biden/harris team to coordinate. ascertainment, determining an apparent presidential winner, opens the door to more than $7 million in government funds for the biden transition and allows them he to coordinate with the federal government general services director emily murphy insists that her delayed decision was not political and while president trump said for the first time h

former federal reserve chair ben bernanke will weigh in on the actions the fed is taking to mitigate the economic impact of the covid-19 crisis. we'll highlight some of the books written by david mccullough. and atlantic council senior fellow jamie metzl will look at the future of genetic engineering and if it can be used to fight against covid-19. find more information on your program guide or online at booktv.org. and now, historian

and tonight, what the federal reserve chair said about jobs that might not come back at all. here's abc's kaylee hartung. >> reporter: tonight, a dire prediction. the coronavirus could kill 200,000 americans by september. the u.s. already topping 113,000 deaths. >> we opened up when the case levels were still quite high. we did not have enough testing in most states, so, we're now seeing the consequences of that. >> reporter: as the country continues to reopen, a top harvard health official warning, without drastic action, more people will die. >> if we don't act, the future is very grim. >> reporter: two months ago, president trump saying that startling number would be a sign the administration's response has been effective. >> if we have between 100,000 and 200,000, we all together have done a very good job. >> reporter: tonight, 20 states and puerto rico reporting increases in new cases. texas with more new cases wednesday than it's ever had in a single day. houston taking innovative precautions, announcing a covid threat alert system. one official sounding this alarm. >>

eastern on c-span's q&a. >> federal reserve chair jerome powell testified on the economic impact of the pandemic before the house select subcommittee on the coronavirus crisis. this hearing is just over two hours.

the federal reserve chair with a sobering assess. on american jobs that have already been lost, kaylee? >> reporter: david, federal reserve chairman jerome powell says millions of american jobs may be gone for good. he said more congressional aid may be necessary to prevent even more jobs from being lost. david? >> saying some of those jobs might not come back. kaylee, thank you. >>> and in other news, the investigation in tulsa tonight. the disturbing police confrontation, newly released body camera video showing two white officers stopping two black teenagers for jaywalking. abc's marcus noor actumoore in tonight with what happened next. >> call my momma! call my momma! >> reporter: tonight, tulsa's mayor and the local police arev yeraoota shthe officersk ay were walking down a neighborhood street. one officer grabs one of the teens by the arms. >> what's wrong? >> what are you on? >> he ain't got nothing on him. why y'all trying to search him? >> just relax. what are you doing? >> what you guys doing? why you trying to choke his n

." >> the federal reserve chair says the u.s. recovery could drive through 2021. he told 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident and that may not happen until a vaccine is available. it is the first meeting of the world health organization's governing body since the coronavirus outbreak and china will be challenged on two of its most sensitive issues. those are how beijing handled -- virus and the status of participation. an investigation into the virus's origin. third-largest economy fell into a recession. andnese exports plunged 22% the economy is expected to grow worse. oil rose for the first time in two months. west texas resumed their run after 19% last week. producers in the u.s. continued to cut output. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by over 2700 journalists and analysts in more than 120 countries. this is bloomberg. thanks so much. level, dowh a 40 futures up maybe 50 or so. the vix come in middling. ist reall

eastern on c-span, the federal reserve chair, jerome powell and treasury secretary steven mnuchin testified before the senate banking committee about the distribution of financial aid under the cares act. a $2 trillion bill that congress passed in march in response to the coronavirus pandemic. on c-span two the senate is back to consider executive nominations, in lewd -- including james traynor to be a member of the federal election commission. >> with the federal government at work in d.c. and throughout the country, use the congressional directory for contact information from embers of congress, governors and federal agencies. order your copy online today at c-span.org. >> at the white house, president ,rump was joined by ben carson larry kudlow and others to discuss economic development efforts amid the coronavirus pandemic. this is about 15 minutes. >> thank you very much. we are here to talk about opportunity zones and things having to do with economic development and the inner cities. also, senator tim scott of south carolina has been with us from day one. he approached me and mention

former federal reserve chair janet yellen has been nominated as the next u.s. treasury secretary, president elect joe biden. stroy says for his economic team to make it the most diverse and white house history. and ethiopia's prime minister says this forces haven't killed a single civilian during the conflict integrate. it was urged to engage in constructive dialogue with the great leaders during a phone call with the u.s. secretary of state. a senior iranian security official has accused israel of using remote controlled weapons to kill its top nuclear scientist, mo sena factories at this died in hospital on friday after his car was ambushed at his funeral. iran's security chief, also blamed on the rainy an opposition group. unfortunately, this was a very complicated assassination. it was carried out remotely with electronic devices and no one was present at the scene. but there are some clues we realize the person who proudly sesame. of course, the national council of resistance regrown have a large part. and of course, the criminal part of this incident is d

federal reserve chair jerome powell talked about the us economy and his agency's response to the coronavirus pandemic at a virtual pandemic hosted by the university, and the federal reserve was days away from making the first loans to small and medium-sized businesses for the lending program. this is 40 minutes. >> i have the signal that technology is working. no one would have put that in my domain so to quote somebody i don't take any responsibility for that. alan reiner, director of public affairs at princeton university. thank you for joining us on the special princeton reunion event for federal reserve chair jerome powell, i might add we are happy to have many members of chairman powell's classmates from the princeton class of 1975 on the zoom. on a logistical note if you have a question you are welcome to submit it using the q and a future zoom which you will find on the bottom of your resume window that says q and a. you may upload questions you would like to see answered and take as many of these, a full recording will be posted on the griswold center website. it is live streamed rig

federal reserve chair jerome powell will testify on monetary policy and the economy before the senate. live coverage begins tuesday on c-span. the senate judiciary committee convenes a hearing tuesday to examine police use of force and community policing. easternve at 2:30 p.m. on c-span, online at c-span.org, or on the c-span radio app. >> what do you think we can do about that? >> with police reform, protests, and coronavirus continuing to affect the country, watch live coverage of the government response with briefings from the white house, governors, and mayors from across the country, and from the campaign 2020 trail. day the conversation every on washington journal. and if you miss any live coverage, watch on-demand at c-span.org or listen on the go with the c-span radio app. next, north carolina governor roy cooper hold a briefing with reporters to discuss his state's response to coronavirus and recovery efforts from hurricane florence. this is 40 minutes. gov. cooper: good afternoon, everybody, and thank you for joining today's update on covid-19 in north carolina. hasf today

in washington federal reserve chair jerome powell expressed concern about the economy he cannot make activity has picked up from its depressed 2nd quarter level when much of the economy was shut down to stem the spread of the virus with the reopening of many businesses and factories and fewer people withdrawing from social interactions household spending looks overcovered about 3 quarters of its earlier decline. no less spending on services that typically require people to gather closely including travel and hospitality is still quite weak here to help break this down for us is our u.s. correspondent. yes it's quite astonishing for the fed to adopt such a long term stance isn't it. it clearly is and to we live in strange times understand your own poll correctly that the federal reserve is not planning to increase interest rates even until 2024 i don't know why the federal reserve is so sure about this because nobody can tell you how actually things will change in 2 or 3 years so what the federal reserve is saying is that they can still help to stimulate the market but yet it's defini

. >> up next, federal reserve chair jerome powell talks about the u.s. economy and his agency's response to the coronavirus pandemic at a virtual event hosted by princeton university. >> okay. hello, everybody. i now have the signal that the technology is working. fortunately nobody would put that in my domain. i don't take any responsibility for that. i'm professor of economics and public affairs here at princeton university. thank you for joining us on this special reunion event with federal reserve chair jer powell. sponsored by princeton's griz wald center. we're happy to have many members of chairman powell's classmates on the princeton class of 1975 on the zoom. just one quick logistical note, if you have a question, you're welcome to submit it any time you want using the q&a feature of zoom which you'll find at the bottom of your zoom window. it tez q&a. you may also upload questions that you'd like to see answered and we'll take as many of these as we can. a full recording of the talk will be posted on the griz wald center's website and the talk

c-span tuesday on the networks, federal reserve chair jerome powell testifies on monetary policy at a senate hearing. that is at 10:00 a.m. on c-span. at 2:30, the senate judiciary committee holds a hearing on police use of force and community relations. witnesses include st. paul, minnesota mayor melvin carter, fraternal order of police national president patrick yost. 10:00 a.m., the senate returns for work on the bill to provide funding for national parks and public lands. c-span3, am. on senate appropriations subcommittee hears from federal communications commission chair on the spectrum auctions program. onnoon, a committee military personnel hears from judge advocate generals of the army, navy, air force, and marines on racial disparity in the military justice system. in his daily briefing on monday, california governor gavin newsom talked about the rise of coronavirus cases in his stage. he says he believes his state is prepared to handle any increase in cases. he also reiterated that local county governments make reopening decisions based on state guidelines and not the state.

today treasury secretary steven mnuchin and federal reserve chair jerome powell testified on ongoing coronavirus response before the house financial services committee. watch live at 1038 eastern on c-span3 come online c-span.org or listen live on the free c-span radio app. >> monday and use senate members came to the floor to pay tribute to supreme court justice ruth bader ginsburg passed away friday after a fight with pancreatic cancer. we heard from mitch mcconnell and chuck schumer about justice ginsburg's life and career and the future of the supreme court. >> mr. president. >> theel majority leader. >> our nation is morning the end of an exceptional american life. justice ruth bader ginsburg meant so much to our country. first and foremost, she was a brilliant generational legal mind who climbed past one obstacle after another to summit the very pinnacle of her profession. justice ginsburg was a fixture on our nation's highest court for more than a quarter of a century. she was not just a lawyer. no, not just a lawyer, but a leader from majority opinions to impassioned dissents

the former federal reserve chair painted a gloomy picture of the pandemics effect on the u.s. law. it was small business struggling to stay alive or close for good. so many people struggling to put food on the table in pay bills in rent. it's an american tragedy. and it's essential that we move with urgent sick in a action will produce a self reinforcing cause. yet more diffuse station biden also pointed wildly at the deputy treasury secretary, the 1st black person to hold the position for more on the team. let's bring in quarter on wall street who's obviously not the moment, but now i can see you. sorry. so just tell us what to biden's picks indicate about his approach for the coming years. well, sure. i mean, it's the most diverse team that washington has ever seen when it comes to is that in the city and also gender, but it's not necessarily the most progressive. janet yellen, herself, is seen as very moderate. she does have a social heart, but she already worked in the advisory team of former president bill clinton. so what this team is to deal with 1st of all is to convince co

she is the former federal reserve chair. s the first woman to be in the federal reserve chair. janet yellen will be the first woman to serve as treasury secretary. when you look at our method and others named on the economic team, these are champions of labor rights. of marginalized workers and protecting them. in a statement announcing the nomination as some of these people, creating an economy that gives every single person across america a fair shot in a equal chance to get ahead. these are difficult times because of the pandemic. we are in a huge recession. it is clear this economic team is telegraphing the fact that their focus will be on helping those that lost their jobs as a result of the pandemic. much of the unemployment money is running out. they will focus on helping small businesses. many of them have shuddered in the bay area because of the pandemic and across the country. a lot of the focus will be on getting past the congress dalton did a new act and the new build, a new relief bill to the american people. the

on c-span3, at 10:30 a.m., treasury secretaries elimination and federal reserve chair powell testify on the coronavirus response at a house financial services hearing. followed later by a homeland security subcommittee. >> former vice president joe biden was on the campaign trail to talk about the coronavirus pandemic and his economic plan. this stop at a metal casting facility marked his second visit to wisconsin. recent polls suggest a close race in the state between him and president trump. ♪ >> ♪ we take care of our own

treasury secretary and federal reserve chair giving an update on the state of the u.s. economy and other agencies are handling the covid-19 pandemic. "ktvu" allie rasmus has been monitoring. >> federal reserve chair jerome powell are speaking before the senate oversight committee. they are giving an update on how the federal relief money is being spent. as you can see this is not a hearing in a typical hearing room as we would expect. everyone is participating by videoconference to prevent the spread of covid-19. the pandemic is why this hearing is happening in the first place. several weeks ago congress passed the c.a.r.e.s. act, a financial relief package that includes the paycheck protection program in various loans for small and large businesses. so for many of the questions from senators have focused on what additional specific steps the federal government can take to bolster the economy. we heard one senator talk about having the federal reserve consider buying state and local government bonds. >> it reveals every state in the nation is already or will soon face hi

. >> on wednesday treasury secretary sten mnuchin and federal reserve chair jome powell testify before the house financial services committee about the federal responseo the coronavirus. that's livet 10 a.m. eastern on c-span. at two p.m. t house is back theegislative work on a bill requiringhe securities and exchange commission to phibit and diesel this to any foreign company whose public accounting firm does not adhere to u.s. auditing standards. c-span2 the senate is back at canadian eastern to consider jucial and executive nominations, and on c-span3 at 9:15 a in a senate armed services subcommittee hears some na and marine corps leaders about mility readiness. that is followed in the afternoon by a senate homand security subcommittee hearing on the government's response to cyber threats durg the pandemic. >> tuesday on capitol hill lawmakers held a news conference to unveil a bipartisan covid-19 emergency relief bill. the measure would provide $908 billion in aid and include a liability provision to temporarily protect businesses from coronavirus lawsuits. this is 40 minutes. >> p

. >> next he federal reserve chair jerome powell holds a news conference to

i expect that we are a former federal reserve chair, janet yellen is to serve as treasury secretary, she's trusted in the financial world. and if confirmed, she would be the 1st woman to take over. this pivotal role with optimism about new coronavirus vaccine spreading and political uncertainty, seemingly diminishing. the dow surged past 30000 points for the very 1st time on tuesday. so i think people like the cabinet post we're seeing from biden, they like the idea that this sort of long period of uncertainty about how much difficulty weak see and outgoing trump administration make. i think people like that that's over i think people like janet yellen as an idea for a new treasury secretary, she's a known quantity, was pretty able set of hands and a tough moment for everybody. president trump quickly claimed the latest market rally as the fruit of his own administration's work. but the markets seem to be banking on the current u.s. leader, being on his way out of the office. you're watching news live from berlin, stay tuned for adult film plagues. and pestilence, how pandemics chang

tuesday treasury secretary steven mnuchin and federal reserve chair jerome powell are on capitol hill for a senate banking area on the coronavirus response. that is live at 10 a.m. eastern on c-span. at 3 p.m. a discussion on economic policy under the incoming biden administration from the brookings institution. on c-span2 the senate returns at 10 a.m. eastern to consider executive and judicial nominations. 12:30 p.m. president-elect joe joe biden introduces his economic personnel which includes the nominations of janet yellen as treasury secretary and neera tanden as white house budget director. >> you are watching c-span2, your unfiltered view of government. created by america's cable-television companies as a public service and brought to you today by your television provider. >> next, hearing on ways to combat plastic pollution in the oceans. a senate appropriations subcommittee look at the economic and environmental consequences of pollution, waste management assistance for developing nations, and ways to support ocean conservation. >> senator leahy, sorry'm late. so then. d has

she was the first woman to head the federal reserve. >> she was the federal reserve chair.o be there treasury secretary, it is really something you do not see. >> reporter: janet yellen served on the covid-19 task force. she gives the credit to the california rebuilding fund. >> she talked about directly or businesses with this program. >> reporter: and its weight after the announcement she said to recover we must restore the american dream. each person can rise to their potential and dream bigger for their children. dreams impacted by economic downturn from the pandemic. they will face these challenges head-on. >> they are running out of money and time. what we need is another relief package. the sooner the better. >> reporter: her nominee requires senate confirmation. democrats and republicans have expressed approval. >>> coming up on ktvu news at 6:30. officials were not following covid-19 protocol is. we will expose the failures and what is being done to slow the spread. >>> the nfl changing team schedules due to the coronavirus. we will have an update. make your holida

treasury secretary steven mnuchin and federal reserve chaired room powell encouraged

is federal reserve chair drug. he cannot make activity has picked up from its depressed 2nd quarter level when much of the economy was shut down to stem the spread of the virus. was the reopening of many businesses and factories and fewer people were throwing from social interactions household spending looks to a recovered about 3 quarters of its earlier decline. in the us spending on services that typically require people to gather closely including travel and hospitality is still quite weak let's get the european view on this story from chelsea delaney our financial correspondent in frankfurt chelsea did you expect more from the fed. i think it's clear the markets investors were all expecting a little bit more of an aggressive stimulus our look from the federal reserve so there is definitely a little bit of disappointment at the margin part of the reason why the fed isn't being as aggressive right now is that the u.s. economy is actually doing much better than they had initially anticipated so in yesterday's meet

federal reserve chair urgently appealed for exactly this type of aid from congress he warned that without any further help the u.s. would enter a recessionary downward spiral with quote tragic outcomes here's some of what he had to say the burdens of the downturn have not been evenly shared. initial job losses fill heavily on lower wage workers in service industries facing the public job categories in which minorities and women are overrepresented combined with the disproportionate effect of coated on communities of color and the overwhelming burden of childcare during quarantine and distance learning which is falling mostly in women the pandemic is further widening divides in wealth and economic mobility. there let's go live now to our financial correspond chelsea delaney in frankfurt good to see josie out of investors in the markets been reacting to this development in the u.s. it's actually been a rocky day here for european markets we have we've really seen stocks swinging around and and messrs clearly aren't sure what to make of of trump's threats the initial reaction when trying to

key cabinet positions are filling up very rapidly tonight as biden taps former federal reserve chairto serve as the first female secretary of the treasury. among the other historic choices are the first woman to lead the intelligence community, the first latino to head the department of homeland security and

from our federal reserve chair, janet yellen says to serve as treasury secretary, if confirmed she would be the 1st woman to take over this pivotal role and would face the difficult task of shaping u.s. economic policies. at a time when the country is facing both a pandemic and recession biden also named avril haynes as the 1st woman to become director of national intelligence. a question is whether this was a wise action and a $100.00 majorca, as the 1st latino to have the department of homeland security. biden appears to be making good on his campaign promise that his cabinet will reflect america's diversity. linda thomas greenfield was appointed to the helm of the u.s. mission to the united nations. but many of biden's cabinet picks will require confirmation in the senate where republicans still hold a narrow majority. for now, at least with the transition process officially underway, some of the uncertainty and turbulence of the past weeks seems to be settling down . all right, joining me now to delve a little deeper. is peter paul of down. hi peter. thanks for coming in and sent thi

federal reserve chair jerome powell has warned that the coronavirus pandemic could trigger a prolonged recession in the united states speaking by a video link mr policy said the u.s. economy would take some time to return to where it was just months ago you urged congress and the administration to do more to prevent long lasting economic damage the message comes a day after top infectious disease expert anthony warning against reopening the economy too quickly. all right let's bring in a waltz or correspondent yes quarter here against quite a grim projection there by jerome powell and not at all mirroring the optimism markets were showing recently what's behind this outlook. well i mean there's clearly a lot of uncertainty and that is nothing new but your own powell also pointed to a puzzle possible bankruptcy's and of that should happen that it could also take longer than hoped for what happens at the u.s. labor market and if you look at some companies there is speculation going on that some big firms actually might have to file for bankruptcy protection energy for the chesapeake for

. >> former federal reserve chair's ben bernanke and janet yellen took part on monetary policy and theal response to the pandemic. this event is hosted by the brookings institution and was held by videoconference. >> i want to welcome everyone to this

. >> coming up tonight on cspan2, next federal reserve chair jerome powell holds a news conference to discuss the u.s. economy and monetary policy during the coronavirus pandemic. in the house oversight and reform committee examines a president's efforts to not count on undocumented immigrants in 2020 census. : : >> in service to others in our country. all of us have a role to play in our nation's response to the pandemic. at the federal reserve we remain committed to using our tools to do what we can

next on cspan2 we hear from federal reserve chair, jerome powell. is followed by texas governor greg abbott providing an update on his states coronavirus response after a recent rise in covid-19 cases. later the head of the federal communications commission : : >> unlikely without public confidence in continue with

main shopping areas over here and you see it more and more businesses are reopening but the federal reserve chair jerome powell and he mentioned at his testimony on tuesday that it's a long road back and that there is a high degree of uncertainty as still waiting for us especially as small businesses are still at risk and then also low income americans might find it might be tougher for them actually to get their job back soon so there is some evidence that things are getting better by the way we also get the whole builders sentiment index here on tuesday that also saw the biggest jump in history so things do get better but that does not mean that we reach the level before the crisis any time soon. to in new york thank you so much for this. and now a brief look at some other business stories making news. u.s. lawmakers have introduced a bipartisan bill on reforming aircraft certification following 2 fatal boeing 737 max crashes the federal aviation authority was accused of being too cozy with boeing doing the plane certification the measures seek to eliminate the ability of aircraft makers to und

reason to doubt what they are saying at this time that president-elect biden will nominate the federal reserve chair janet yellen she has blazed trails. she was the first female federal reserve chair. now she will be the first female treasury seth. or nominated to the treasury secretary. formerly with the -- she was the chair at the council of economic advisers she has a little bit of the political experience the question is whether or not that is herren have. her strength is economics, monetary policy. whether or not she's -- she has certainly been bested i want to say by the current fed chair, jay powell, when it comes and to politicking and dealing with congress and getting congress on your side. i am not sure janet yellen was the best at that in that position this. job as treasury secretary will demand more of her in that regard you will also remember, wilf back when she was the fed chair in 2014 she followed ben bett bernanke of elevating the issue of inequality that the federal reserve was following. she was criticized by some republicans in congress for making that a federal reserve issue. bu