if they start to do that, can the federal reserve unwind this huge dash of reserves and they believe that they can but that is as of yet unproven and we have gone to new territory aggressiveness for which the fed has acted. the american central bank is the only one that i know of that has a dual mandate, it is charged with protecting empowering of dollar and also maintaining full employment. most of the time, for example, paul would tell you those are the same thing. only way you maximize is to making sure there's no inflation or deflation, but there's periods when there's room to do things to promote employment that wouldn't necessarily be inflationary or a little inflationary and the two objectives come into conflict with one another. there's a potential conflict. my daughter is about to start college, work hard and have fun, most of the times the things are the same but sometimes they're not. we are still parsing what the fed actually ought to be doing and then we the last one is the does the centrals operate with rules or discretion to act as necessary. this is a somewhat technic

davis: i'd like to reserve. the speaker pro tempore: the gentleman reserves. the gentlewoman from washington is recognized. ms. delbene: i urge all members to join me and all of us here in support of this bill and yield back the balance of my time. the speaker pro tempore: the gentlewoman yields back the balance of her time. the gentleman from illinois is recognized. mr. davis: 100 years, 100 years since the first woman was elected to serve in this great constitution and now i'm -- institution and now i'm blessed to serve with so many great women on both sides of the aisle, mr. speaker. this is a recognition that's long overdue. i urge all of my colleagues, along what you already heard today, to support this important piece of legislation to give ms. rankin the respect and the honor that she deserves when she walked here 100 years ago, and yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass the bill h.r. 4570. those in favor say aye. those opposed, no. in the opinion o

i reserve. the speaker pro tempore: the gentleman reserves. members are reminded to direct their comments to the chair. the gentlelady from south dakota. mrs. noem: thank you, mr. chairman. i yield as much time as he will consume to the gentleman from michigan, representative benishek. the speaker pro tempore: the gentleman is recognized. mr. benishek: thank you, mr. speaker. i rise today in support of house resolution 673, the commonsense bill that expresses the support of congress for having the i.r.s. continue to provide taxpayers with a paper copy of instructions on how to file their taxes. i want to thank representative grothman for introducing this resolution and giving us the opportunity to discuss this important issue during tax week. i hear from constituents all the time about how difficult it is to access paper tax forms, let alone how hard it is to file their taxes. every year millions of people continue to file their taxes on paper. but every year the i.r.s. continues to make this process even more difficult. as the i.r.s. has tran

structure, with reserve banks and presidents of reserve banks who would be able to take views now on regulation and supervision. the responsibility is invested in the board of governors. where the president's do participate in our monetary policy decisions. research,ll engage in on topics that are of interest to them that they think are important. and we have encourage that in the federal reserve system. that people have different interests and different points of view. opinion isversity of a positive attribute. we do not want to fall into groupthink. and i think it is within his purview to look at these issues. >> thank you. elaine. is ala my question is related to china. it is becoming increasingly important, the currency in the economy. for example, a new establishment of infrastructure investment bank. and the imf and the reserve currency, with the special sowling rate, my question is would you comment on the challenges of the currency, versus the u.s. dollar. respond how do you like the changes in the coming monetary policy to maintain this dominant position of the u.s. dollar?

structure with reserve banks and president of reserve banks who would be able to take independent views. now, on regulation and supervision, the responsibility is invested in the board of governors, whereas the president's to participate in our monetary policy decisions. but they all engage in research, on topics that are of interest to them that they think are important. and we've encouraged that in the federal reserve system, that people have different interests and different points of view, and that diversity of opinion is a positive attribute. we don't want to fall into group think. and think it's within his purview to look at these issues. >> thank you. i am a university teacher in china. the question is related to china. sing that in recent years chinese -- becoming increasingly unborn, the kurds and economy. for example, the new establishment of the nature and infrastructure and investment bank. and being accepted by imf and reserve currency with special drawing rights. so my question is would you comment on those challenges of the rising r&d -- [inaudible] as a response how d.c.

the gentleman from texas reserve his time? the gentleman reserves. the chair recognizes the gentlewoman from california. ms. waters: thank you, mr. chairman. i would like to set the record straight. i have in my hand a statement from united states senator sherrod brown, it's a statement on house bill to alter fed small bank holding policy statement. u.s. senator sherrod brown, ranking might be of the u.s. senate committee on banking, housing, and urban affairs, issued the following statement today on legislation that is this legislation, h.r. 3791, that would increase the asset threshold for the federal reserve small bank holding company policy statement and i quote, i understand that proponents of h.r. 3791 have mentioned a similar provision that i included in a larger bill in 2013 as somehow relevant to the current debate before the house of representatives. it might be relevant, if the house was also engaged in a real effort to address too big to fail and it might be relevant if time had stood still. but since 2014, congress and regulators have pr

chose a decentralized structure, with reserve banks and presidents of reserve banks who would be able to take views views, now on regulation and supervision, the responsibility is invested in the board of governors, where the president's do participate in our monetary policy decisions. but they all engage in research, on topics that are of interest to them that they think are important. and we have encouraged that in the federal reserve system. that people have different interests and different points of view. and that diversity of opinion is a positive attribute. we don't want to fall into groupthink. and i think it is within his purview to look at these issues. >> thank you. so, my name is elaine. i'm a visiting scholar to columbia business school. my question is related to china. it is becoming increasingly important in the global economy. for example, a new establishment of the chair of infrastructure investment bank. and the imf and the reserve currency, with the special drawing rate, so my question is would you comment on the challenges of the rising currency, versus the u.s. do

, i think they purposely chose a decentralized structure with reserve banks and presidents of reserve banks who would be able to take different views on regulations and supervision and the responsibility is in the board of governors whereas the president do participate in the monetary policy decisions, but they all engage in topics they think are important. people have different interests and different points of view. the difference of opinion is a positive attribute. we don't want to fall into group think. we do think it's within their purview to look at these issues. >> my question is related to china. seeing that in recent years. [inaudible] the nature and infrastructure is accepted by inf so my question is, can you comment on those challenges. [inaudible] >> i will allow each of you to quickly comment but the question is, will china's currency likely to be, let's and the next 15 years, the single greatest challenge to the reserve currency status of the dollar currently holds. alan do you want to start us off? >> i think that china has made extraordinary progress. it's fairly evide

the gentlelady reserves. mrs. noem: the gentlelady reserves. the speaker pro tempore: the gentleman from new york is recognized. mr. crowley: continue to reserve the balance. the speaker pro tempore: the gentleman reserves. the gentlelady from south dakota is recognized. mrs. noem: mr. speaker, i have a friend and colleague here today who's fought daily for years for hardworking taxpayers across america and for his home district. i'm proud to yield four minutes to the gentleman from texas, mr. sessions. the speaker pro tempore: the gentleman from texas is recognized for four minutes. mr. sessions: mr. speaker, thank you very much. i want to thank the gentlewoman from hanlin county, south dakota, very dear friend, not only of every member of congress but in particular a great representative of south dakota at a time when south dakota not only needs strong representation but a strong voice. i want to thank the young congresswoman for bringing this legislation to the floor today. mr. speaker, today it's quite simple. the united states congress has

i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves. the gentleman from texas. mr. hensarling: mr. speaker, i'm pleased to yield two minutes to the gentleman from michigan, mr. trott. the speaker pro tempore: the gentleman from michigan is recognized for two minutes. mr. trott: thank you, mr. chairman. and thank you for letting me speak on the financial stability oversight council reform act. his is our continued -- this is us helping the dodd-frank agencies. fsoc and the office of financial research, both products of dodd-frank, have the power to obtain sensitive information and are tasked with the mission of monitoring the financial stability of the united states. with such broad mandate and vast authority, it is appall that these bodies are not subject to congressional appropriations process and will satisfy only minimal reporting requirements. o.f.r. states that its job is to shine light in the dark corners of the financial system, but it operates in the dark corners itself, spending funds obtained from fees on an ever-expanded work

of the federal reserve. and that some point, perhaps somebody will make a musical out of all this in the style of "hamilton." i would like to ask the current chairman of the federal reserve, janet yellen to come in. then we have ben bernanke, her immediate predecessor. we have paul volcker, the legendary fed chair who happens to be deeply associated with international house. and from washington, where he just celebrated his 90th birthday, alan greenspan. welcome all. thank you. [applause] fareed: madam chairman. i have to begin with you. because i think everybody is going to be interested in the things you are going to say. let me ask you to start. if you look at the economy very carefully, are we in an economic bubble? is the economy as perilous as some people on the campaign trail are suggesting? ms. yellen: i was say the u.s. economy has made tremendous progress in recovering from the damage from the financial crisis. slowly but surely, the labor market is healing. for over a year, we have averaged about

of the federal reserve.nd that some point, perhaps somebody will make a musical out of all this in the style of "hamilton." i would like to ask the current chairman of the federal reserve, janet yellen, to come in. then we have ben bernanke, her immediate predecessor. we have paul volcker, the legendary fed chair who also happens to be deeply associated with international house. and from washington, where he has just celebrated his 90th birthday, alan greenspan. welcome all. thank you. [applause] fareed: madam chairman. i have to begin with you. because i think everybody is going to be interested in the things you are going to say. let me ask you to start, if you look at the economy very carefully, are we in an economic bubble? is the economy as perilous as some people on the political campaign trail are suggesting? ms. yellen: i was say the u.s. economy has made tremendous progress in recovering from the damage from the financial crisis. slowly but surely, the labor market is healing. for well over a year,

i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentlewoman from arizona is recognized. ms. mcsally: i yield as much time as he may consume, the gentleman from new york, mr. donovan. the speaker pro tempore: the gentleman is recognized. mr. donovan: thank you, chairlady mcsally for yielding. as chairman of the subcommittee of emergency preparedness, response and communications, i rise today in strong supports of h.r. 3583, the prepare act, of which i'm pleased to be an original sponsor, introduced by the subcommittee's former chairwoman representative mcsally, the prepare act seeks o accountability office of emergency communications and office of health affairs at the department of homeland security. the emergency preparedness subcommittee is fortunate to work with a very engaged stakeholder community and many of the provisions of this bill were formed through hearings, briefings and meetings with those stakeholders. for example, the bill sets the period of performance foral number of grant programs at three years. we heard fro

a decentralized structure with reserve banks and president of reserve banks who would be able to take independent views. now, on regulation and supervision, the responsibility is invested in the board of governors, where as the presidents do but dissipate in -- monetary policy decisions do participate in our monetary policy decisions. they all participate on topics of interest to them that they think are important, and we have encouraged that in the federal reserve system, that people have different interests and , andrent points of view that diversity of opinion is a positive attribute. we don't want to fall into .roupthink it is within his purview to look at these issues. >> thank you. i am a university teacher in china and currently a visiting scholar at the columbia teaching school. my question is relating to china. seeing that, in recent years, the chinese renminbi has become more important in mobile commerce -- for example, the new establishment of the asian infrastructure investment bank. it has been invested in by the imf as a currency with a special drawing right. what are yo

the gentleman reserves. the gentleman from texas reserves. the gentleman from new jersey is recognized. mr. payne: mr. speaker i'd like have the gentleman from oregon, mr. defazio, i allot him three minutes. the speaker pro tempore: the gentleman from oregon is recognized. for three minutes. mr. defazio: i thank my colleague for yielding me the time and for his support of the bill and thank the majority side also. i don't represent the area where this airport is located but greg walden and i represent two of the largest, you know, geographically, districts in congress. and you know, the problems that are created by the lack of air service to clammouth falls, the gentleman documented, it's about a four hour drive to portland which is the nearest place where you can get a variety of hub destinations out of there. and flying a plane into the portland metropolitan area, twin engine, fairly heavy plane with no screening and no security defies common sense. now, unfortunately, i was principal after 9/11 with john mica in creating t.s.a. and there a

federal reserve. i've been honored to work directly with three of the four i have tremendous admiration of their public service, intellectual capacity and careful stewardship of monetary policy in the financial system. each has made a contribution to economic growth and stability of this great country into each we only dead of tremendous gratitude. calvin asked me to reflect on my experience as a student of international house. three decades ago, he asked me to reflect on how it helps develop the career i have been lucky to have here in the united states of america. i was accepted international house, lucky to be so and arrived here on the seventh of september, 1985. it was a harsh and humid day. like so many other foreign students who lived here i was tremendously relieved to have such a safe and welcoming community to move to in new york city. tradition ofegan a writing a letter to my family in australia, something i continued for many years. my father passed away several months ago. before he did h

i reserve. the speaker pro tempore: the gentlewoman reserves. the gentlewoman from new york is recognized. ms. slaughter: thank you, mr. speaker. mr. speaker, hardworking americans deserve sound advice about how to save for retirement, not conflicted guidance. the department of labor's fiduciary rule is thoughtful planning and research because the $17 billion a year is lost to this industry. i urge my colleagues to support the rule by voting no on this rule that we have before us. bring up a bill that would provide desperately needed funding to combat the zika virus. we can't put off when the zika virus is going to arrive. it shows up and the devastation it produces is well known and we must not in the congress of the united states turn our back on this impending problem facing the united states' -- and i heard this summer they are expecting a lot of the infection to spread. the administration requested this funding two months ago and the -- i ask unanimous consent to insert the text of the amendment in the record along with extraneous material

the gentleman from tennessee reserves. the gentleman from virginia. mr. scott: reserve. the speaker pro tempore: continues to reserve. the gentleman from tennessee. mr. roe: thank you, mr. speaker. it's my privilege to yield one minute to the distinguished gentleman from arkansas, french hill. the speaker pro tempore: the gentleman from arkansas is recognized for one minute. mr. hill: thank you, mr. speaker. i thank the gentleman from tennessee. i rise in support of this joint resolution. while this rule may be well intended, its effects will lead to higher fees, lack of diversity and choice and limit, as has been noted, access to professional retirement planning and guidance for those who need it the most, low balance, smaller investors trying to save every month for their retirement. i've long believed that the securities and exchange commission is the governing agency most expert and should have been taking the lead on this project of the fiduciary rule. the administration should have insisted on it. instead, they've been off track for five years. we're left with 1,00

eshoo: continue to reserve. the chair: the gentlewoman from california reserves. the gentleman from oregon. mr. walden: with that i yield one minute to a gentleman who cares deeply about this issue, that is mr. carter from georgia. the chair: the gentleman from georgia is recognized. mr. carter: mr. speaker, i rise today to express my support of h.r. 2666. in 2015 the f.c.c. reclassified internet service providers as title 2 common carriers, giving themselves the ability to regulate internet rates and user privacy. the administration has promised this new agency power would not be used to regulate broadband rates. however, f.c.c. chairman tom wheeler has admitted that the f.c.c. should have the authority to do so. this regulatory uncertainty is why this bill is needed. h.r. 2666 would prohibit the f.c.c. from regulating rates charged for broadband internet access, holding the administration to the promise they made to american consumers. preventing government interference with broadband retail rates would give smaller providers greater confidence when making inves

goodlatte: i reserve the balance of my time. the speaker pro tempore: the reserves. the gentleman from michigan is recognized. mr. conyers: thank you, mr. speaker. i believe we have no further speakers. i yield myself-- such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. conyers: mr. speaker, i'd like to close today by thanking hairman goodlatte of judiciary and his staff for working with us to develop the final draft of this legislation. once again the chairman has helped us find a way to resolve our differences and advance core civil liberties and constitutional values. i'd also like to thank the gentleman from kansas, mr. yoder, the gentleman from colorado, of course, mr. polis. for their leadership on this issue from the very beginning. the email privacy act comes to the floor today in large part because of your work in gathering more than 300 co-sponsors for this bill. and finally i want to express appreciation to the coalition of technology companies, civil liberties organizations, and individual experts whose persistence and d

reservations? they called it res radio. all right? he give me a list of stations and some contacts. so i began -- it was somewhat before e-mail. somewhat before e-mail, anyway. i discovered that these native stations technologically, they were not online. you could not reach them. i made telephone calls and i was met with a certain wariness. here was this white dude from boston college asking them to give me information about their medium. and, there was reluctance, just a kind of reluctance and wariness. what am i going to do with it and whatnot. i tried to ingratiate myself and i used frank blithe's name as an entree, and that was good. they started opening up. blithen i called frank back and he said you know, there , is an indigenous communications association. and i went, there is? bingo. and he said, ray cooke is the director. and he said, contact ray cooke.. i contacted ray cook. e. he was at a reservation on the canadian border. mohawk. i talked to ray and he turned , out to be the antithesi

waters: i reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves. the gentleman from texas. mr. hensarling: mr. speaker, might i inquire if the other side has any further speakers? before we use all our time. ms. waters: we have no further speakers. mr. hensarling: in that case, mr. speaker, i'm very happy to yield to the gentleman from virginia, mr. garrett, 2 1/2 minutes, -- new jersey, mr. garrett, 2 1/2 minutes. the speaker pro tempore: the gentleman from new jersey is recognized. mr. garrett: thank you, mr. speaker. i want to thank the sponsors of the underlying legislation for the underlying bill. so i rise in support of h.r. 4498, in the helping angels lead our startups act, and i urge all my colleagues on both sides of the aisle to support this very important piece of legislation. mr. speaker, you know, it was two weeks ago at the capital markets subcommittee we held a hearing that examined the ositive impact of the 2012 jobs act it was having on our economy. you see, by reducing burdens on startup companies and modernizing our laws, the con

i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from north carolina is recognized. >> mr. speaker, the american people deserve and expect all i.r.s. employees to abide by the federal tax laws. and that the i.r.s. is charged with administrating. mr. holding: period. end of story. with that i yield two minutes to the gentlelady from california, mrs. walters. the speaker pro tempore: the gentlelady is recognized. miss bought walters:00 -- mrs. walters: i rise today in support of the no hires for the delinquent i.r.s. act. etween 2004 and 2013, nearly 1,600 i.r.s. employees intentionally violated tax laws. according to the treasury inspector general for tax administration, just last year the same inspector general reported that the i.r.s. rehired 141 former employees who had bungled their own tax returns. five of those rehires had intentionally failed to file their returns at all. think about that for a moment. the federal bureaucrats who are responsible for ensuring the american people pay their taxes are not paying thei

with that i urbling its passage and reserve my time. the speaker pro tempore: the time is reserved. the gentlelady from the sir vin islands. thank you.t: i this addresses a legitimate concern. employees who resign their positions in a pending investigation for adverse disciplinary action and reapply for employment elsewhere in the federal government. i think we can agree that measures need to be taken to prevent such incidents from happening in order to protect the integrity of the federal work force. i thank you chairman chaffetz for working with the minority and particularly with congressman connolly from virginia to address our concerns with the original bill. the introduced version of this legislation would have allowed an agency to put a permanent notation of an investigative finding in an employee's file without giving the employee an opportunity to respond. the bill as reported would preserve the principles of due process that help to protect our federal employees from arbitrary acts and political influence. it would provide a former employee with notice and opportunity to re

the fx reserves deceleration.us: one of the areas that we know the money is flowing through, this is the reserve requirement relationship with the value of the yuan. i think these two run very much in lockstep and that we may see the parts in terms of moving with reserve requirements. propensity for more money to flow out. peter: i think you cannot focus , because it encourages people to liquidate their cash and move out of the chinese yuan . not looking at the rrr so aggressively is an easy way of stemming the tide. there are other back alleys which they need to focus on more specifically than using the rrr. manus: we have seen 104. investors have been buying offshore stocks, 104 consecutive days, $6.8 billion. it has flowed from on land into hong kong. the -- is, is that that where the next defensive play comes in? if they want to hold the tide, they will have to clamp down on these. becaused to be stopped, the official routes are being closed. they are easy to close. the back ways of finding investments is what

first up, my conversation with the current chair of the federal reserve, janet yellen. many believe that she's the second most powerful person in america, second only to the president. she rarely sits down for an interview, so listen in. let me ask you to start. you look at the economy very carefully. are we in an economic bubble? is the economy as perilous as some people on the political campaign trail are suggesting? >> so, i would say the u.s. economy has made tremendous progress in recovering from the damage from the financial crises. slowly but surely the labor market is healing. for well over a year we've averaged about 225,000 jobs a month. the unemployment rate now stands at 5%. so we're coming close to our assigned congressional goal of maximum employment. inflation which my colleagues here, paul and allen, spent much of their time as chair bringing inflation down from unacceptably high levels. for a number of years now inflation has been running under our 2% goal and we're focused on moving it up to 2%. but we think that it's partly transitory is claiming oil

green: i reserve my time. the speaker pro tempore: the gentleman reserves. the gentlewoman from indiana is recognized. ms. brooks: thank you, mr. speaker. i'd just like to point out that as recently as yesterday, federal officials have indicated that the zika -- the mosquito that carries the zika virus is actually anticipated to be in over 30 states at this point. originally it was in 12 states, now it is believed to be found in 30 states in the united states. so this is an extremely serious problem, one which i am pleased this house and this chamber is paying attention to. i appreciate the gentleman from georgia and his remarks and with that i yield back. the speaker pro tempore: the gentlewoman yields back. the gentleman from texas is recognized. mr. green: we have no other speakers and i yield back our time. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass senate 2512. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the affirmative, the rules are suspended, t

those reserves are reported in dollars.it the dollar goes down, the value of their yen reserve goes up. it's possible that with reserves stable, they may have done reallocation, biting other currencies. maybe their view is that the yen is cheap, and they should be doing that rather than buying the dollar. alix: certainly currency is one area, but credit and stocks, bonds, commodities, all seem to be driven by the yen. what does the bank of japan do, given that everyone is looking at it? >> it's like one of those tv shows when the hero is shooting, and you hear this click click and there are no bullets left in his gun. that is where the jboj is right now. there is not much they can do. negative interest rates have not weakens the currency that much. scarlet: you can see that there with japan introducing negative interest rates, they have gone from straight to straight. >> absolutely. it does not appear to be an interest rate story. you can understand yen strength towards the end of the fiscal year. they often repatriate some

capuano: reserve. the speaker pro tempore: the gentleman reserves. the chair recognizes the gentleman from new jersey. mr. garrett: thank you, mr. speaker. at this time i yield such time as he may consume the sponsor and the gentleman from arkansas, mr. hill. the speaker pro tempore: the chair recognizes the gentleman from arkansas, mr. hill. mr. hill: i thank the speaker. i thank the gentleman from new jersey for his leadership of the capital markets subcommittee. i appreciate greatly the kind comments and sponsorship and good work from my friend, mr. carney of delaware, and today, mr. speaker, i rise in support of h.r. 5019, the fair act, fair access to investment research act. this bill is similar to a bill that i introduced with mr. carney that passed the house as a part of h.r. 1675, and passed our committee by a strong bipartisan vote. as my friend from delaware said, we worked diligently to improve this legislation and worked carefully with our colleagues in the minority to make sure this bill fully represents the bipartisan consensus on the i

i reserve my time. the speaker pro tempore: the gentleman reserves. the gentleman from massachusetts is recognized. mr. mcgovern: i appreciate the fact that he appreciates the concerns that i have raised but i would appreciate it more if we could bring the legislation to the floor that would actually solve some of the problems and deal with some of the challenges that i outlined. you know, i had brought up earlier, the issue of the zika virus and which has infected 891 individuals in the u.s. states and territories, including at least 81 pregnant women. this is a big, big deal and some of us are not interested in robbing peter to pay paul to deal with this. we don't want to dip into the ebola fund to zeal with the zika crisis. we have multiple challenges that we have to deal with. but we're happy -- i'm happy to yield to the gentleman. mr. sessions: polite dialogue, do you believe in any way because we have not moved a bill, that the federal government is stopping, waiting and doing nothing on this issue? mr. mcgovern: reclaiming my time. we are doing

yes, the data on reserves looks good. questions are how many of those reserves are i to being committed? how many of those are liquid? i wouldn't trust the numbers. francine: do you trust the authorities? they continue saying, we are not manipulating. give us time. we are not going to devalue. it is a question of trust. and what do you say we believe them but there will be hiccups? >> why would you believe them? they are there to pay lip service to what they believe. they are manipulating. we have seen in the last few weeks with and begin intervention and the domestic housing market. that is really all about a plan. what worries me is that ultimately i think people's false sense of comfort is increasing because we are week by week looking at data that does not look too bad. francine: family have all this central-bank action. ."ay with "the pulse plenty coming up including jamie dimon's bear case. he warns of a rally turned to rout. then we'd take a look at look at this china foreign-exchange reserves and the yen shrugs of

for reasons that include the federal reserve, but not only the federal reserve, the core measures of inflation the at,ral reserve is looking also, the broader and more widely known consumer price index, they are kind of inching up toward the federal reserve's ,arget, but to keep that going i think the economy has to be growing at a decent clip. it clearly wasn't in the fourth quarter of last year in the forest quarter of this year. i think it will pick up a little bit of momentum in the spring and fall. but you need to have that. the federal reserve alone can't do that. francine: maurice levy, you had one of the biggest companies in france. how much do you focus on central banks? what you need are structural reforms. you need economies that grow some people spend. maurice: we need economic growth if we want to grow ourselves, to have a healthy country. when you look at the consumers today, their appetite for consumption is very low in most european countries. it is very low for a lot of reasons. they have fear about the future, about employment. they fear that the economy is not pick

majority ofeing the the radio stations run reservations, and who knows anything about reservations? radio.lled it res he gave me some contacts. it was somewhat before e-mail. these stations, technologically, they were not aligned. you could not reach them. i made telephone calls and i was met with a certain wariness. dude fromthis white boston college asking them to give me information about their medium. and, there was reluctance, just a kind of reluctance and wariness. one of my going to do it does and whatnot. i tried to ingratiate myself and i used frank blithe's name as an entree and they started opening up. said,ed frank back and he you know, there is an indigenous communications association. and i went, there is? bingo. is thesaid, ray cooke director. i contacted ray cook. he was at a reservation on the canadian border. mohawk. i talked to him and he turned out to be the antithesis of what you might expect of a native, indigenous individual. a young guy. very accessible. very warm. to help me in anyway he could possibly help me. so we gave me a list of all of the owners of al

as i said stronger than expected uses of reserves needs we need to make a large contribution to the same reserves we have $10 million that is drawn to the general revenue it causes a contribution to the reserve and i'm going to turn it over to melissa white house from the mayor's office of budget she'll talk about that. >> thank you, melissa acting budget director i want to chat along the expenditure as the controller mentioned this report assumes that assumes cpi the out years and the now 3 housing unit 25 rates that plays under the agreement as of july 1st a contract negotiated 3 years ago and open contracts in 2017-2018 we're assuming that a consumer price indexes and now closer to 3.1 percent on the retirement pension contribution side the report in december 2015 that we put out assumed we'll meet the current year returns and actually at the time, we issued the update they were negative 5 percent so we thought that was prudent to move forward and include that it is included here. >> on the non-restricted so 2 point - and then on our debt program your participation program there

>> the federal reserve is 100 years old. not surprising that once every 100 years, there is a time to make reforms. and thism i presented is developed with a lot of consultation that was very helpful, it is supposed be sensible, pragmatic and none sensible. trying to be careful not to throw the baby out with the bathwater. focus on specific reforms that are needed. number one, the federal reserve is the only central bank in the world that is not equally a public agency. the regional federal reserve banks are literally owned, they are owned by commercial banks in each district. the boards of directors of each ninenal fence, six out of are chosen by the number of commercial banks. joe: what is the practical effect of this unique structure? >> i would say the number one problem is the federal reserve needs to have full public confidence in order to be sufficiently independent from political pressure and extent to which the political reserve is opaque. it is hard for the public to understand, it undermines the public confidence

i reserve the balance of my time. the chair: the gentleman reserves. for what purpose does the gentleman from oregon seek recognition? mr. walden: mr. chairman, i rise in opposition to the amendment. the chair: the gentleman is recognized for five minutes. mr. walden: mr. chairman, this amendment states nothing in the bill shall affect the f.c.c.'s authority to require the tv and radio -- that tv and radio stations and video and satellite providers make this available online in a machine readable format. mr. chairman, i was in the radio business for 21 years. i would guess i'm probably one of the few, if only, people that had to maintain a public file and i don't know if the gentleman knows all the things that are in those public files. i'd be happy to go through the very long list of them because i don't think the way the amendment is constructed is perhaps what he is seeking. i understand the part about public disclosure of time purchase, who's purchasing and all of that. but you know, the public file includes all f.c.c. authorizations, applications

but here in the reserve, the biologist has found only two affected frogs.ulation seems to be stable. once found, the darwin's frog is relatively easy to examine and identify. it plays dead when it senses danger. and the blk and white markings onach indidual's underse are unique. veronica toledo: that lets me know if it's an individual i've found before. i can see if it's grown, whether it's travelled or changed color, anwhether 's rrying babies. >> the protection project in huilo huilo follows a basic principle, the animals are never removed from their natural habitat. after a brief examination, each frog is returned to where it was found. nature reserves like this are a stroke of luck for these delicate amphibians. back to the breeding station in concepciÓn. a few zen frogs will soon be leaving this artificial habitat. they're going on a long journey, to europe. carlos barrientos donoso: the idea is for the frogs to reproduce outside the country to give us another option. if we have any emergencies or trouble here, one of t zoos in europe can ensure the su

the african game reserves have the big five. what does the american prairie reserve have?the big two right now. a lot of animals have been pushed to the brink. i didn't know this, but the grizzly bears used to run all over this territory. and now they are holed up in the rockies because they have been pushed up there. their idea is to bring back mega africa-likeeate an big five and call it the american serengeti and bring back the mountain lion and the grizzlies and the wolf. you can imagine there's little controversy around that. thank you so much. very interesting. i almost might go. brad: you would love it. mark: it is very windy. if you don't like the wind, don't go there. onty: you can read more "bloomberg pursuit." up, we will talk european banking. let's see where the market stands -- 34 minutes away from the end of the monday session. stocks are falling for the third consecutive day. it is miners and the oil companies leading today's decline. ♪ a.m. in new york and 11:00 a.m. in hong kong. i mark barton. you are watching the european close live on bloomberg markets

at the request of the sponsoring sponsor we'll put it on budget committee reserve and handle that that way moving forward colleagues, any questions or comments happy to entertain them but first public comment on this item we've heard after all to the your budget analysts if you want to add something. >> to the call of the chair through the budget committee deborah from the budget and legislative in fact, office based on the testimony by the director of the small business commission that she had sufficient salary in her current year budget to fund the one new position that actually was heard yes at the full board and will be subject so one more meeting we are recommending that those funds which is 37, one and 9 be deducted from the supplemental appropriation and the total will be instead of $343,000 plus it would be whoops three hundred and 6 thousands plus then our recommendations is approval of the supplemental appropriation as amended with the policy decision of the board. >> thank you for grabbing any attention colleagues quickly before we act on the amendment he'll move on to publi

if you look at the foreign exchange reserves, along with the reevaluation effects, the high reserveshat come along with the weaker dollar. reduce outflows as well. sense ao not coordinated intervention. we know unilateral intervention doesn't work, but when do the japanese blink? this is the polar opposite move of a 120 yen. stephanie: they do have a problem. they are right, you have to do quarter needed intervention. that doesn't work if you are not catching a fundamental change as well. that is the issue the japanese have. the fundamentals are pointing in the direction of a stronger yen. the account surplus, for example. you're looking at a country benefiting the lower commodity prices and structural flows. back to pension funds paying out more than they are taking in. you can not, against that, even the bank of japan. tom: the idea it is not only about yield and price, but flows. the surplus in recent quarters and years in japan. we will look at oil in the next half hour. we are thrilled to bring to you the top, the greatest transaction in wall street history, steve case looks for

i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from colorado is recognized. mr. polis: i thank the gentleman for yielding me the 30 minutes, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. polis: we have just days before the legally mandated budget deadline and yet instead of debate yurg budget, mr. speaker, my budget, mr. speaker, anybody's budget, mr. speaker, instead we're debating whether to codify existing f.c.c. policy. there is limited time to provide a budget for our country. households across our country have budgets. businesses have budgets, but unless there's an announced change to the schedule in bringing congress to work on friday and saturday and rules committee convening today or tomorrow, it seems like congress will miss the deadline for the budget and perhaps never produce a budget. look, folks on the other side will say, there's been years democrats didn't produce a budget, that's true. but republicans ran to take over this body saying we're going

reservations for weddings are available at sfrecpark.org. discarding contains plants referred to by william shakespeare's plays and poems. welcome to the shakespeare garden here in the famous golden gate park. located near the museum and the california academy of sciences, the garden was designed by the california spring blossom and wildfilower association. here is a truly enchanting and tranquil garden along a path behind a charming gate. this garden is the spot to woo your date. stroll around and appreciate its unique setting. the gorgeous brick walkway and a brick wall, the stone benches, the rustic sundial. chaired the part -- share the bard's word hundred famous verses from a shakespearean plays. this is a gem to share with someone special. pack a picnic, find a bench, and enjoy the sunshine, and let the whimsical words of william shakespeare and floats you and your loved one away. this is one of the most popular wedding locations and is available for reservations. take a bus and have no parking worries. shakespeares' garden is ada acce

by the way, dulles airport does not have the option to reserve parking. airport authority tells us it's such a larger parking lot and doesn't need it. back to you. >> thanks, susan. >>> trooper chad dermyer, it wasn't a day to remember his were celebrating his life. his life of service. more from his funeral is next. >>> going after adult entertainment establishments, i'm tracee wilkins, coming up on news4, we'll tell you narrator: all that political mail mlet's simplify.lming. only one candidate has been endorsed by the washington post: kathleen matthews. as a journalist and progressive leader at marriott, she has a broad and deep facility with policy. emily's list praises matthews as pro-choice and the post says on gun control, clean energy, education and health research kathleen matthews "has greater potential, following the van hollen model, to move the ball forward." kathleen: i'm kathleen matthews and i approve this message. >>> good news about the teenager shot in the head during the shooting rampage in michigan. >> a full recovery. her family shar

i reserve the balance of my time. >> the gentleman from florida is recognized. myself at such time as i may consume. i rise in support of this bill as amended. arlington national cemetery has been called our nation's most hallowed ground. since the first day real took 1860 four, arlington is the final resting place for over 4000 -- 400,000 active-duty service members, veterans, and families. this bill would overturn a recent change in policy to restore the rights of women air force service pilots of world war ii who want to be buried in arlington. these women volunteered for duty and their service made a major contribution to our victory in that war. in addition, this bill would restore the rights of others who assisted in this war and whose sacrifice was recognized. forplaud my colleagues introducing this important bill and leading the fight, a fight int has widespread support bipartisan support to recognize the service of these brave women and others who helped us defeat the power in world war ii. that we bring this to the floor during women's history month is