Senator Reed dialogue with Federal Reserve chair about interest rates

Rhode Island Senator Jack Reed asks Federal Reserve Chair Janet Yellen to explain how the so-called Taylor rule for measuring interest and financial market ramifications for raising the rate and its impact on constituents, higher than the Federal Open Markets Committee have deemed necessary given the needs of the economy. Yellen says that would result in a weaker economy if the reserve had followed the Taylor formula, including higher unemployment. Yellen refers to a recent speech at Stanford, where she expressed a preference for current methods in the aftermath of the financial crisis rather than the formula which would put estimates closer to zero. Yellen and read discuss Dodd Frank supervision and cyber security in private sector banking, where the threat is ubiquitous, Yellen calling cybersecurity a major, major risk to financial firms, whom she says are aware of the risks but may not have an enterprisewide view of capabilities within their institutions, needing expertise.


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Beperkingen:Mag niet worden gebruikt als partijdig materiaal voor een politieke campagne om het kandidaatschap te promoten of tegen te staan van enige persoon voor een verkiesbare openbare functie en mag niet worden gebruikt om de onderwerpen en doelstellingen van de hoorzitting verkeerd voor te stellen, of enig lid van het Huis van Afgevaardigden van de Verenigde Staten of de Amerikaanse Senaat in opspraak te brengen of te smaden, of het Huis van Afgevaardigden of de Senaat of enig lid in diskrediet te brengen.Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute.
Gemaakt op:14 februari 2017
Soort licentie:Rights ready
Release-informatie:Geen release. Meer informatie
Lengte van clip:00:05:17:11
Locatie:Washington, DC, United States
Gemastered naar:QuickTime 8-bit H.264 HD 1280x720 30p Meer informatie
Naam materiaal:sba021417d.mov
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