Gwen Moore

Thank you so much, Mr. Chairman. Before I begin my comments, let me thank our guests from the Treasury Department.

I am a part of the bipartisan work on the North Korea sanctions; so proud to have worked on that in a bipartisan matter.

We have seen him following Obama's agenda, he is re-imposing sanctions, strictures against Cuba.

One of the most horrific acts that is occurring anywhere on planet Earth at this point is the ethnic cleansing of the Rohingya people.

I don't think we have gone too far at the international financial institutions.

We are overindebted in the United States. So is this a time to give tax breaks to rich people, considering that we are in debt, $1.5 trillion?

Trickle down historically has not worked, so if it works this time, I will be happy to say we are wrong, but it hasn't worked. It has just created deficits.

Excessive inequality not only undermines social and political cohesion, it has also been shown to have negative effects on growth.

I would appreciate hearing from you what you believe would be an appropriate set of public policies that we would need to have in place, both domestically and internationally, to rein in the excesses of the market, maintain stability, and…

The Chair now recognizes the Ranking Member of the subcommittee, the gentlelady from Wisconsin, Gwen Moore, for 5 minutes, for an opening statement.

Why don't you see investing in people as being the number one method of growing our economy?

Maybe a trillion dollars over the next decade from immigration reform.

Outgoing Fed Chair Yellen has shared with us many times that she thinks--she believes that inequality is very dangerous.

I think it is important for Congress over time to revisit this issue.

It is critical for the Congress to ensure that the Federal Reserve is serving the public as well as possible.

The Federal Reserve serves the whole public. Its decisions affect everyone.

Gwen Moore and I have legislation to encourage them to do that.

I could tell you that, if it wasn't for housing programs, I probably would still be in poverty.

I have seen nothing to indicate that Secretary Carson is up to the challenge.

Nobody wants a cell phone that was financed by rape, murder, mutilation. Would you agree? That is immaterial.

At a time when our country needs to invest in infrastructure, it is really difficult for cities to do this.

I just want to join in with my colleagues in thanking you for all your hard work on that.

When people didn't have skin in the game, the credit rating agencies, that you raised this before the crisis.

The IQ of this committee has gone down dramatically since you left.

However, such a powerful approach towards sanctions... must also allow for careful calibration in its implementation.