senator hagerty. sen. hagerty: thank you, i would like to acknowledge the presence of a fine tennessean. we have a panel of highly qualified nominees in particular i would like to recognize a native of a volunteer state who dedicated much of his life to president service. americans have voiced the desire for american leadership that reflects the values of all americans spread across a the country, not just power centers on the coast. his up ringing and resume brings me confidence that the cfpb will be in the hands of the leader who brings good. i will come back to you but i would like to start art -- start out with you. the fha insures that its regulated entities serve as reliable sources of liquidity and funding for housing finance and community investment. if you are confirmed, how will you carry out the mission of making housing more affordable for all americans? mr. pulte: what a great question. and very nice meeting with you and spending time with you. i think you are correct. first and foremost we ne

debating american dollar and digitizing the american dollar and more recently the genius act with hagertyng to merge and coauthored and digitizing the american dollars and it was the most important and largest asset of crypto and every commodity was on it by a american dollar and russia and chinese and north korean and south american countries and bipartisan bill going to hit the floor and i totally support it and real action was not on friday, it was thursday night and it going for them and jill brand and hagerty and -- gillibrand and elizabeth warren going for them to abandon her and we want the american dollar to digitize that and >> one, crypto currency is bitcoin and everyone tracking from 100,000 to 10,000 and down and you need a lot of fortitude and going for that and you should not be your entire portfolio and going with 5% waiting in gold and own 5% and we're talking alaska the president signalling here and let's pringle people that developed these technologies back to the united states and he signals them to come home and develop them like we digitized this and lara: it's an exc

senator hagerty. sen.erty: thank you, i would like to acknowledge the presence of a fine tennessean. we have a panel of highly qualified nominees in particular i would like to recognize a native of a volunteer state who dedicated much of his life to president service. americans have voiced the desire for american leadership that reflects the values of all americans spread across a the country, not just power centers on the coast. his up ringing and resume brings me confidence that the cfpb will be in the hands of the leader who brings good. i will come back to you but i would like to start art -- start out with you. the fha insures that its regulated entities serve as reliable sources of liquidity and funding for housing finance and community investment. if you are confirmed, how will you carry out the mission of making housing more affordable for all americans? mr. pulte: what a great question. and very nice meeting with you and spending time with you. i think you are correct. first and foremost we need a

senator hagerty. sen. hagerty: thank you, chairman scott. mr. powell, it is good to see you here today. i want to start by talking about markets and inflation. less than six month ago, you expressed serious concerns about the risk of persistent inflation. but since then, the fomc have begun its using cycle and and ct target rate by 100 basis points as you mention in your opening remarks. the fomc has telegraphed it felt both the labor market and inflation had reached a point where you are comfortable maintaining. its target range. -- maintaining its target range. recent market data including last week's strong jobs report indicates the economy is on firm ground. markets have priced in fewer and fewer cuts and i want to talk broadly about these market conditions. do you see evidence of a higher neutral rate emerging at this point? chair powell: yes. there was a lot of reason to be concerned about downside risk in the labor market toward the middle of this year but that concern has diminished significantly. the labor market is very strong. the evi

hagerty. ms. hassan. mr. hawley. mr. heinrich. mr. hickenlooper. ms. hirono. mr. hoeven. husted. mrs. hyde-smith. mr. johnson. mr. justice. mr. kaine. mr. kelly. mr. kennedy. mr. kim. the clerk: mr. king. ms. klobuchar. mr. lankford. mr. lee. mr. lujan. ms. lummis. mr. markey. mr. marshall. mr. mcconnell. mr. mccormick. mr. merkley. mrs. moody. mr. moran. mr. moreno. mr. mullin. ms. murkowski. mr. murphy. mrs. murray. mr. ossoff. mr. padilla. mr. paul. mr. peters. mr. reed. mr. ricketts. mr. risch. ms. rosen. mr. rounds. mr. sanders. mr. schatz. mr. schiff. mr. schmitt. mr. schumer. is a mr. scott of florida. mr. scott of south carolina. mrs. shaheen. mr. sheehy. ms. slotkin. ms. smith. mr. sullivan. mr. thune. mr. tillis. mr. tuberville. mr. van hollen. mr. warner. mr. warnock. ms. warren. mr. welch. mr. whitehouse. mr. wicker. mr. wyden. mr. young. vote: the clerk: senators voting in the affirmative -- barrasso, blackburn, boozman, britt, cornyn, cotton, cramer, crapo, daines, grassley, hyde-smith, justice, lankford, marshall, moody, murkowski, paul, ricketts, scott of

chair risch: senator hagerty. sen. hagerty: thank you. i appreciate you holding this meeting for us. i want to gradually all of my friends here. all three of us served together in the last trump administration that i admire the work you did then and i look forward to the work you are going to do as we come into the next iteration of the administration. i would like to start, mr. landau, with you. your background is ambassador to mexico. it is something that is deeply concerning to me and a number of my colleagues are aware of this but perhaps the numbers aren't. that is what's happening with the mexican government. their unfair, extralegal campaigns to go in and confiscate the properties of the u.s. companies. you and i have talked specifically about the materials. their quarries, deepwater ports, their properties in mexico. those aggregates that they mine in the gulf of mexico are deeply critical to the infrastructure we put in place in places like florida, louisiana because there's is not an aggregate source. the seam runs out, so to sp

hagerty: one more point to want to cover before i run enough time.you are an exceptional ambassador to mexico and you will begin a position to deploy our ambassadors who are vested with the full power of independent action. i want to get your thoughts on how you see the deployment of america's ambassadors around the world. how we will empower them to act on our nation's behalf. how do you see the ambassador role? mr. landau: i think it is so important. one of the reasons i was honored to be asked by the president to become deputy secretary of state is i have been an ambassador recently. i think we need to have someone in the state department who understands at the highest levels working closely with the secretary and president what an ambassador does and how to increase and strengthen that feedback loop between her washington policymakers and our embassies which i'm afraid is somewhat broken in both directions. i plan to meet, if confirmed, with every outgoing ambassador to go over what are the top three priorities. i need specific action items and r

been hard at work a long time leading, also, cosponsor, also with democratic senators and senator hagertymoving in the senate a bill that would regulate dollar stablecoin issuance in the united states issues with securities, commodities but digital dollars that are in payment system new form of cash in global financial system we need to have clear rules for those federal rules for those, so, senator lummis among other key colleagues are advancing that would effectively provide the clarity that is needed so that, households, corporations, financial institutions, know how to safely use this, and so on. so, i think there is a tremendous opportunity with that regulatory clarity coming. >> what do you think about this crypto reserve that president trumpis has talked about. >> it is interesting idea, and i think my general view as that we need fiscal discipline in united states deal with our debt do that in a variety of ways i believe, that sound money, i believe bitcoin is sound money can help hold the government to account, and really drive enforce fiscal discipline over a very long period of

hagerty, aye. the clerk: mr. daines, aye. the clerk: mr. tillis, aye. the presiding officer: the yeas are 66, the nays are 30. the motion is agreed to. the clerk will report the nomination. the clerk: department of labor. lori chavez-deremer of oregon to be secretary. the presiding officer: under the previous order, the senate will proceed to legislative session and resume consideration of the motion to proceed to s. 331, which the clerk will report. the presiding officer: motion to proceed to calendar number 18, s. 331, a bill to amend the controlled substances act with respect to the scheduling of fentanyl-related substances and for other purposes. the presiding officer: the clerk will report the motion to invoke cloture. the clerk: we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the motion to proceed to calendar number 18, s. 33 1, a bill to amend the controlled substances act and so forth and for other purposes, signed by 17 senators. the pre

hagerty. the clerk: ms. hassan. l mr. hawley. mr. heinrich. mr. hickenlooper. signed an executive order in pike's peak be honest, they are aiming on this and here's what was donald trump likely to be closed immediately. they are erratic usual it would be if it happened. it's going to be like them, america's school choice get tax breaks for millionaire friends, i don't think that's what america wants. the bedrock of our country. >> we went to madison high school. start you 90% of america and 90% of public schools all and everything will suffer. your kids education. she goes is that simple solution place and they can pay even less signed by every democrats, one of the only nominees on these agencies and decimate the department of education just destructive. every child and every teacher and every family. taking a change to the department of education and educate our next generations in our schools and families better what it is. don't forget. and the dismantle particularly rules for an there is one in your community it is dramatically supplied. we'll do it and it