president brainerd and his team continue to work on the frontlines of job training in our state. last year we opened the mcdowell student success named after our good friend and former senator mcdowell providing resources for students to help delaware tech the number one institution for job paying and workforce development. i'd like to thank all three of them for everything you do for the state of delaware. thank you very much. [applause] and thanks to president biden and their congressional delegation who couldn't be here today. the president of the united states has been in this chamber before. i saw it myself. we have also seen a significant influx of federal dollars that would help us build on this project with the support of the american rescue plan we are building a clinical lab at our state university and allied health center in wilmington and the state-of-the-art laboratory on the side of the mckinley lab at the university of delaware. over the course of the next year the funding will help rehabilitate properties on the east side of wilmington working with the mayor and h

a lot of questions for you on that when governors brainerd, corals, clarida, and wallard made up the board under your leadership, major changes many policy were addressed following board consensus, and not when there was significant dissent. will you commit to not implementing a new capital framework, following this holistic review or the basel end game if there is considerable dissent from the board >> i can't really commit to that we are a consensus kind of an organization, and that's what we'll work toward. but ultimately, you know, we -- >> would that be a break from your prior practices you're a consensus builder, mr. chairman you pride yourself in that, and we credit you for being a consensus-oriented chairman. will you commit to continuing that practice and not allow major changes to the capital -- the bank capital regulatory framework to be made by one per person >> well, they can't be made by one person but i do commit to that. and i commit to bringing people together, something that can be broadly supported. >> thank you >> earlier this year, and you said, i quote, we will

one of the reasons he brought brainerd from the fed into the white house was because they were tryingr into the job, a progressive. people need to understand 89% of people who work at the federal reserve are progressives. they are ready to get the right person in there to change everything. if you think the fed has too much on their plate now wait until their power and so-called independence which i call lack of accountability. she does have a point in the sense that he is the only central banker out there with a dual mandate. most central bankers are dealing with price stability. he has to deal with employment and price stability which is awkward. they acknowledge that the fed in order to get prices inflation down they have to create unemployment. and he went there two weeks ago on the hill, testimony. he had a hard time explaining that. not just elizabeth warren. senator kennedy grilled him good. it is an awkward position. is there some kind of better way of doing this? you mean to tell me you have to somehow create 1 or 2 million job losses to achieve your job? by the way, dana, th

yellen and brainerd and powell. they all come in and say we'll bail you out. we'll guarantee every deposit, even those deposits to the chinese communist parties and the companies connected to the chinese communist party. >> harris: there are quite a few. maria bartiromo said it on this program a week ago. let's get back to the president's veto and what it means. after the veto president biden took to twitter. this bill would risk your retirement savings by making it illegal to consider risk factors maga house republicans don't like. your plan managers should be able to protect your hard-earned savings whether congresswoman marjorie taylor greene likes it or not. if you thought it wasn't political, now you know it was. the president's dig countered with this savage clap back and here she is. no one has put our retirement at risk more than you, joe. american families can't count on checks from china to pay their rent and groceries like your family does. it is political and it can get nasty. the president of the united states should be looking out for us. >> inde

brainerd studied this linkage in history of finance that chris weyland is brilliant. system linked in the central bank battle. all three of us are guilty of this. we do the parlor game. it doesn't matter right now. jonathan: you mentioned policymakers speaking more. the last thing you want to do is chase your talent keep announcing new things. the announcements of sunday are they efficient? there is still nervousness. give it another day. the hope is it is sufficient. the more you come out and talk about something new, you are saying everything we announced sunday didn't work. lisa: i think silence is the perfect response. you are right. right now, that they are quiet is highly convenient for fed officials. what do you say at a time of great uncertainty? tom: he could come out with a prepared statement that i'm sure vice president brainerd helped him with. he doesn't have to ad lib. this. frankly, we could stay even with credit suisse for the last 20 minutes. we could stay more constructive than it was yesterday afternoon. jonathan: let's go through it. nor equity mar

it feels like i interviewed mary daly, she has opinions, everyone has a opinion, lael brainerd movedthe biden administration. it is more jockeying, pushing ideology instead of good old-fashioned oversight. >> i agree. the fed basically has two tasks, one is monetary policy and they have screwed that up pretty nicely. and the other is regulatory policy and i think the supervision again is shockingly lax. i think that people in san francisco thought if i do a good job i will get hired by silicon valley bank. it was an incestuous relationship. charles: yeah. >> we're going to hear a lot more about that. charles: you know that is one thing i think we're all worried about, in every aspect, whether the faa or the sec, whatever it is, to be able to leave 200,000-dollar job to 2 million-dollar job is really tough. let me ask you about jay powell himself, does he have the chops to make it through this? do the folks on the fed who work with him, you wrote something about him not being a war-time consiglieri. does he have the chops to get through it. >> that is a favorite saying from "the godfa

that little reserve brainerd opposed it and represent you and here we are. in the aftermath of the collapse deregulation shares the blame alongside treasury, federal reserve, and the fdic's due to the lapse in supervision and oversight. sharon bloomberg, small and medium-sized banks in this country what assurances can you give them? our general mental small and he medium-sized banks are in good condition including their liquidity. i think the actions we took did help to stabilize the system. i think as i indicated in the expense by the deposit insurance fund to cover uninsured depositors would be imposed through special assessment on the industry and we have discretion to tailor that assessment to the institution to most directly benefited. we are going to try to be thoughtful in this process for quick thinking our quest each of your agencies provide my office and this committee by may 1 a list of recommended regulations in each be enacted strengthen the banking industry and to prevent richer failures. republican administration's failure to the one job, regu