I also would like to associate, for the sake of time, myself with the words of Congressman Scott from Atlanta as it relates to not only the issue he talked about, but more importantly about Black wealth or minorities.
Joyce Beatty
The Public Record
Joyce Marie Beatty is an American politician currently serving as the U.S. Representative for Ohio's 3rd congressional district, a position she has held since January 3, 2013. A member of the Democratic Party, Beatty has focused on issues such as economic development, healthcare, and education throughout her tenure. She has been an advocate for social justice and has worked to address the needs of her constituents in central Ohio.
I urge you to ask the President to put a pause on this and let us see what the impact is on the Black families.
I very much would like to hear from Chair Yellen about how the Fed has bolstered its expertise to take on these new responsibilities.
Thank you, Mr. Chairman, for holding this hearing. And thanks to Federal Reserve Chair Yellen for making herself available to testify.
Let me also express my deep concern about legislation this committee considered during a markup this week that would severely undermine efforts by the Fed to regulate both banks and non-banks.
I oppose cutting HUD. I am here to hold back the rollback and that is what I see happening.
I am here to protect HUD. I am here to protect it because I know about the good that it has done, notwithstanding all of the cuts through the years.
I oppose cutting funds to HUD because we currently have a $38 billion gimmick to fund the military with a separate war account that has no cap on it.
And my role is to protect the institutional consumer and the individual consumer, just as your role is.
I am proud to associate myself and my comments along with what Congressman Al Green stated about President Obama and his appointment of you.
One of the things that we could do right now is to ratify this new IMF quota system.
I just learned--breaking news--that Chair Yellen has announced that there will be no interest rate hike as of right now.
We could make an immediate, tangible, and lasting impact on the prestige and confidence of the U.S. global leadership
Mr. Chairman, this is absolutely a subject that deserves our close attention.
If we are worried about the Fed's growth policies, why don't we meet the Fed halfway, and stop the misguided obsession with austerity and trying to trick the economy to grow the economy?
I strongly support the dual mandate. It reflects the reality of monetary policy.
In fact, it is double the national unemployment rate, and I think most people--you included--would agree that is unacceptably high.
To the extent that a prudential standard is intended to mitigate systemic risk, it should be tailored to the bank's systemic risk.
I believe, as many of you said in your testimony, that the $50 billion threshold doesn't accurately measure systemic importance.
As I recall, in February James Clapper, the Director of National Intelligence, testified before the Senate Armed Services Committee, and in that testimony, he stated that in the future we might see more cyber operations that will change or…
I am not sure how I feel. I guess I wanted you to be able to answer Congressman Duffy's question by saying, yes, that some of our information is protected and safe and we could work through this and come up with a fail-safe system. But…





