hill for one munts. -- minute. >> thank you, madam chair, chair powell, thank you for being here today. we appreciate your willingness to come and field our questions and glad to provide your insights. i want to take just a moment and echo the comments of the ranking member on the community reinvestment act. i know this received pa lot of attention.a lot of attention. i read governor brainard's very comprehensive views on the topic and we recently to discuss the oc's point of view, as a former community banker, it's my view we really should have ultimately one approach to cra among the financial services regulatory agencies. i've had 40 years of dealing with inconsistency and delivery of regulatory proposals. so i do think, ultimately, it would be productive for us to have one approach to that regulation and modernize it for the digital world that we live in today. i look forward to your presentation today, and madam chair, i yield back. >> thank you. i want to welcome to the committee our distinguished witness jerome powell. chairman of the board of governors of the federal reserve sy