did that change the tenor of the discussion at all this week, and did jeremy stein push you in any policy direction? >> they're two terrific people with great experience. i've known jeremy for a long time. he's an outstanding academic and knows a lot about finance. jay has both market experience and a lot of experience in government. they both bring a lot to the table. this was their first meeting, so i think to some extent they were in listening mode. but they do have an awful lot to offer, and i really do look forward to working with them, because i think they are exceptional people. and i'm glad for the first time i believe it's the case that this is the first time that we had seven governors at an fmoc meeting since 2005. and it will help us do our other work as well as monetary policy work more effectively. >> thank you. >> thank you. the house committee voted on party lines today to hold attorney general eric holder in contempt of congress. a vote in the full house is set for next week. you can see the hearing in its entirety online at c-span.org in our o library. and watch key port

jerome powell and jeremy stein were recently confirmed by the senate and are now at the big table. >> they are serious, sensible, main-stream economists, and so are likely to form the heart of a bernanke coalition. >> reporter: the bottom line on the fed is bernanke has the power to do what he thinks is necessary. >> if he comes into this meeting or another meeting where he says, "look, we have a deteriorating crisis on our hands," he has the votes. >> reporter: there is one issue the hawks and doves are likely to agree on-- if the congress can't find away across the fiscal cliff, the fed will likely have to act to ease the fall. darren gersh, nbr, washington. >> susie: joining us now to more about what to expect from the fed tomorrow, michelle girard, senior economist at rbs. hi, michelle. so what do you think the fed will do tomorrow? >> it's a close call. our best guess is that they will wait in terms of announcing outright bond purchases, the so-called q.e.3, that they'll instead use very aggressive language, maybe like they used during the financial crisis, to suggest their tippi

did jeremy stein push you in any particular policy direction? >> they are two terrific people. he's an outstanding academic and knows a lot about finance. jay has market experience and a lot of experience in government. they both bring a lot to the table. this was their first meeting and i think to some extent they were in listening mode, but they do have an awful lot to offer and i really do look forward to working with them because i think they're exceptional people and i'm glad and for the first time that's the case and it was the seven governors and it was in 2005 and it was great to have a full compliment of people and it would be great to do monetary work so effectively. thank you. >> thank you. >>> in about an hour and 20 minutes we'll have live coverage from the white house. president obama is expected to give remarks urging congress to pass legislation to avoid a doubling of student loan interest rates by july 1st. we'll have the president's comments for you at 1:40 eastern on c-span3. later today, author peter eddelman on his book "so rich, so poor" on why it produces

that changed the tenor of the discussion this week, ended jeremy stein and jay powell pushing any particular policy direction? >> they are two terrific people with great experience. i have no jeremy for longtime and he's an outstanding academic and knows a lot about finance. jay has both market experience and a lot of experience in government. they both bring a lot to the table. this was their first meeting, so i think to some extent they were in listening mode. they do have an awful lot to offer, and i really do look forward to working with them because i think that they are exceptional people, and i'm glad, for the first time, i believe this is the first time that we had seven governors at the meetings since 2005. it is great that we have people and it will help us to our work and monetary policy work more effectively. >> thank you. >> thank you. >> still had on c-span 2 tonight, a house judiciary subcommittee hearing with the head of the drug enforcement administration. after that, the house armed services subcommittee hearing on the military transition in afghanistan. then, federal reser