| 4 MILLION PEOPLE OUT OF THE B. | 12.383 | Jump to 201.833 |  |  | 
              
                
                  | WE ADDED 6.4 MILLION JOBS LAST | 2.3 | Jump to 226.4 |  |  | 
              
                
                  | THE MOST SINCE 1930. | 7.733 | Jump to 228.8 |  |  | 
              
                
                  | SINCE 2018 AND JOINED THE FED | 2.467 | Jump to 255.633 |  |  | 
              
                
                  | IN 2012 WHERE HE SERVED THE | 2.267 | Jump to 256.833 |  |  | 
              
                
                  | FROM 3.9%. | 11.65 | Jump to 280.816 |  |  | 
              
                
                  | 6.7% WHEN PRESIDENT BIDEN | 8.617 | Jump to 284.816 |  |  | 
              
                
                  | IN DECEMBER WE ADDED 800,000 | 1.5 | Jump to 293.533 |  |  | 
              
                
                  | >> THE ECONOMIST REGAINED 8.4% | 4.867 | Jump to 295.466 |  |  | 
              
                
                  | MARKET, IT WAS UP 20% AT THE | 3.967 | Jump to 306.183 |  |  | 
              
                
                  | END OF 2021 YET LAST YEAR HIT | 3.8 | Jump to 308.35 |  |  | 
              
                
                  | RECORD HIGHS 70 DIFFERENT TIMES. | 6.333 | Jump to 310.25 |  |  | 
              
                
                  | THE FIRST TIME IN DECADES. | 2.1 | Jump to 364.1 |  |  | 
              
                
                  | CARS, HE SAID WE HAVE TWO | 3.9 | Jump to 455.833 |  |  | 
              
                
                  | CELEBRATING ONE OF THEIR MOST | 2.0 | Jump to 497.5 |  |  | 
              
                
                  | SECOND, WHEN THE PANDEMIC HIT | 11.767 | Jump to 671.283 |  |  | 
              
                
                  | TWO YEARS AGO AND GOVERNMENTS | 1.9 | Jump to 682.183 |  |  | 
              
                
                  | FOR THE PAST 18 MONTHS, I | 3.767 | Jump to 733.133 |  |  | 
              
                
                  | RUNNING AT A 39 YEAR HIGH. | 6.833 | Jump to 805.85 |  |  | 
              
                
                  | APRIL WHEN WE FIRST ASKE THE | 5.184 | Jump to 817.616 |  |  | 
              
                
                  | SERVE A SECOND TERM CHAIR OF | 2.75 | Jump to 1070.566 |  |  | 
              
                
                  | , ALYSSA LEONARD AND OUR THREE | 2.267 | Jump to 1099.033 |  |  | 
              
                
                  | MY FIVE SIBLINGS ARE ALL | 4.067 | Jump to 1105.316 |  |  | 
              
                
                  | FOUR YEARS AGO WHEN I SAT | 4.416 | Jump to 1118.05 |  |  | 
              
                
                  | 11th YEAR OF EXPANSION, THE | 1.967 | Jump to 1130.666 |  |  | 
              
                
                  | UNEMPLOYMENT WAS AT 50 YEAR LOWS | 3.967 | Jump to 1132.733 |  |  | 
              
                
                  | FIRST TO CUSHION THE PANDEMIC'S | 2.266 | Jump to 1197.5 |  |  | 
              
                
                  | OVER THE PAST FOUR YEARS, MY | 2.066 | Jump to 1274.35 |  |  | 
              
                
                  | OF THE FED'S MISSION AND IS ONE | 5.317 | Jump to 1383.816 |  |  | 
              
                
                  | SINCE I JOINED THE FED IN 2012. | 2.65 | Jump to 1402.733 |  |  | 
              
                
                  | TO RENOMINATE YOU TO A SECOND | 2.5 | Jump to 1422.133 |  |  | 
              
                
                  | THREE OR EVEN 425 BASIS POINT | 6.233 | Jump to 1726.8 |  |  | 
              
                
                  | HOW ARE THOSE TWO THINGS GOING | 9.184 | Jump to 1765.466 |  |  | 
              
                
                  | SAYING THAT THE LAST TWO | 5.133 | Jump to 1883.083 |  |  | 
              
                
                  | IN ONE BEING THE PANDEMIC, WE | 5.667 | Jump to 1892.533 |  |  | 
              
                
                  | THAT WOULD BE THE FIRST THING | 2.333 | Jump to 1918.15 |  |  | 
              
                
                  | ONE OF THE THINGS I AM VERY | 3.65 | Jump to 1952.516 |  |  | 
              
                
                  | . FOR SEVEN MONTHS I HAVE BEEN | 2.116 | Jump to 1987.25 |  |  | 
              
                
                  | FOR SEVEN MONTHS THEY HAVE | 5.533 | Jump to 1990.9 |  |  | 
              
                
                  | HAS MADE TWO EXCELLENT CHOICES, | 4.117 | Jump to 2053.683 |  |  | 
              
                
                  | >> ONE OF THE INTERESTING | 5.9 | Jump to 2075.916 |  |  | 
              
                
                  | THAN 3/10 OF A PERCENT PER | 2.766 | Jump to 2159.7 |  |  | 
              
                
                  | NOW BELOW 4%. | 4.567 | Jump to 2162.566 |  |  | 
              
                
                  | ONE OF THE INTERESTING THINGS | 2.933 | Jump to 2252.083 | 
                      
                        
                      
                        ORG
                      
                      
                        THE INTERESTING THINGS
                      
                     |  | 
              
                
                  | RUNNING AT A LEVEL 20% ABOVE | 2.167 | Jump to 2325.433 |  |  | 
              
                
                  | OF THE TWO. | 4.634 | Jump to 2342.916 |  |  | 
              
                
                  | HOUSE HAS BEEN ONE OF THE MOST | 2.067 | Jump to 2376.516 |  |  | 
              
                
                  | AT ITS HIGHEST RATE IN 40 YEARS. | 4.567 | Jump to 2397.766 |  |  | 
              
                
                  | DIFFERENT TIMES ONE OFTHEM IS | 2.45 | Jump to 2488.816 |  |  | 
              
                
                  | THAT IS THE ONE WE NEED TO | 1.934 | Jump to 2491.366 |  |  | 
              
                
                  | THE TWO BIG PORTS ON THE WEST | 4.0 | Jump to 2546.416 |  |  | 
              
                
                  | ALL FIVE OF THOSE. | 5.333 | Jump to 2609.283 |  |  | 
              
                
                  | THEY MAKE UP NEARLY 20% OF THE | 6.2 | Jump to 2740.016 |  |  | 
              
                
                  | THAT MEANS THE VOICES OF ONE | 4.2 | Jump to 2759.666 |  |  | 
              
                
                  | FIFTH OF THE COUNTRY CITIZENS | 4.1 | Jump to 2762.866 |  |  | 
              
                
                  | THEIR FIRST HOME OR JOB FIND A | 4.333 | Jump to 2775.15 | 
                      
                        
                      
                        ORG
                      
                      
                        FIRST HOME OR JOB FIND
                      
                     |  | 
              
                
                  | AVERAGE OF 537,000 JOBS PER | 2.3 | Jump to 2846.85 |  |  | 
              
                
                  | I DON'T THINK TWO YEARS AGO WE | 2.3 | Jump to 2996.4 |  |  | 
              
                
                  | AFFECTED IN NOVEMBER OF 2020. | 7.55 | Jump to 3016.516 |  |  | 
              
                
                  | TWO YEARS AGO. | 4.083 | Jump to 3055.783 |  |  | 
              
                
                  | WE HAVE ALL HAD TWO YEARS TO | 2.0 | Jump to 3058.1 |  |  | 
              
                
                  | I STILL THINK IT'S 2021. | 6.4 | Jump to 3258.8 |  |  | 
              
                
                  | NEXT 3 TO 4 MONTHS AS WE TRY TO | 9.016 | Jump to 3270.0 |  |  | 
              
                
                  | PERSIST OVER THE NEXT 3 TO 4 | 2.5 | Jump to 3279.75 |  |  | 
              
                
                  | MONTHS SOMEWHERE BETWEEN FIVE | 3.566 | Jump to 3281.15 |  |  | 
              
                
                  | AND 7% AND IF THE UNEMPLOYMENT | 4.3 | Jump to 3282.35 |  |  | 
              
                
                  | NOW BELOW 4%, WHAT WOULD YOU | 5.083 | Jump to 3286.75 |  |  | 
              
                
                  | IN ONE OF YOUR RESPONSES ON | 2.0 | Jump to 3297.566 |  |  | 
              
                
                  | I WOULD EXPE THIS YEAR, 2022, | 8.216 | Jump to 3339.7 |  |  | 
              
                
                  | FIRST SIX MONTHS OF THE YEAR | 1.533 | Jump to 3418.65 | 
                      
                        
                      
                        EVENT
                      
                      
                        FIRST SIX MONTHS OF THE YEAR
                      
                     |  | 
              
                
                  | 2021, WE HAD MAJOR PANDEMIC | 8.8 | Jump to 3444.95 |  |  | 
              
                
                  | 2021 WAS DOMINATED BY A VERY | 2.2 | Jump to 3453.916 |  |  | 
              
                
                  | LABOR MARKET AND 2021 AND | 5.933 | Jump to 3458.1 |  |  | 
              
                
                  | HIGH IN 2021. | 2.933 | Jump to 3464.133 |  |  | 
              
                
                  | $145 BILLION THIS COUNTRY SPENT | 10.5 | Jump to 3625.533 |  |  | 
              
                
                  | ON DISASTERS IN 2021. | 8.833 | Jump to 3627.833 |  |  | 
              
                
                  | LAST YEAR WAS THE FOURTH | 1.034 | Jump to 3636.766 |  |  | 
              
                
                  | THOSE THREE DIFFERENT POINTS IN | 3.5 | Jump to 3691.733 |  |  | 
              
                
                  | EXPANSION, 10 YEARS AND EIGHT | 1.433 | Jump to 3701.033 |  |  | 
              
                
                  | 2% AND 3%, WE THINK POTENTIAL | 1.3 | Jump to 3712.116 |  |  | 
              
                
                  | GROWTH IS AROUND 2%. | 4.233 | Jump to 3713.05 |  |  | 
              
                
                  | ONE DAY TO WORK FROM HOME AND | 6.134 | Jump to 3817.416 |  |  | 
              
                
                  | SELECTED TO SERVE A SECOND TERM | 3.584 | Jump to 3904.966 |  |  | 
              
                
                  | CONSUMER PRICE INDEX ROSE 6.8% | 2.967 | Jump to 3918.216 |  |  | 
              
                
                  | PRICE OF GAS IS OVER FIVE | 0.934 | Jump to 3987.816 |  |  | 
              
                
                  | TO REMAIN AT 2% OR SO. | 5.966 | Jump to 3994.0 |  |  | 
              
                
                  | THEY CONTROL OVER 80% OF THE | 2.317 | Jump to 4089.416 |  |  | 
              
                
                  | 2007 REALLY IMPACTED THE | 2.633 | Jump to 4127.833 |  |  | 
              
                
                  | FIRST PRINCIPLE. | 2.184 | Jump to 4256.816 |  |  | 
              
                
                  | JUST TO SPEAK OF TWO, THERE ARE | 6.583 | Jump to 4387.05 |  |  | 
              
                
                  | >> WITH CHILDCARE BE ONE OF | 0.767 | Jump to 4393.733 |  |  | 
              
                
                  | WE LOST 440,000 BLACK-OWNED | 0.767 | Jump to 4460.566 |  |  | 
              
                
                  | ABOUT $200 BILLION TO HELP DEAL | 4.016 | Jump to 4490.05 |  |  | 
              
                
                  | LEAST $100 BILLION PER MONTH. | 4.616 | Jump to 4704.0 |  |  | 
              
                
                  | I KNOW YOU WENT UP FROM $50 | 4.616 | Jump to 4707.3 |  |  | 
              
                
                  | BILLION-$30 BILLION. | 4.0 | Jump to 4708.716 |  |  | 
              
                
                  | THAT IS A THREE AND HALF TIME | 1.867 | Jump to 4712.016 |  |  | 
              
                
                  | WE HAD OUR FIRST DISCUSSION. | 3.566 | Jump to 4729.7 |  |  | 
              
                
                  | DRAWDOWN RATE OF 24 YEAR | 4.367 | Jump to 4799.866 |  |  | 
              
                
                  | ONE THAT WE HAD AT E D | 4.25 | Jump to 4822.416 |  |  | 
              
                
                  | WE TEND TO TAKE 2-4 MEETINGS TO | 8.066 | Jump to 4832.2 |  |  | 
              
                
                  | SENATE BILL 2155 WAS THE | 7.017 | Jump to 4856.716 |  |  | 
              
                
                  | BANK MERGERS ARE ONE OF THE | 1.567 | Jump to 4868.933 |  |  | 
              
                
                  | I TRACKED ONE RECENTLY THAT | 6.433 | Jump to 4895.833 |  |  | 
              
                
                  | 6.4 MILLION JOBS. | 3.2 | Jump to 4962.466 |  |  | 
              
                
                  | ADDRESSING INFLATION IS ONE OF | 5.733 | Jump to 4975.85 |  |  | 
              
                
                  | LET'S START WITH ECONN 101. | 6.984 | Jump to 4984.816 |  |  | 
              
                
                  | TODAY NEARLY 2 OUT OF THE THREE | 1.967 | Jump to 5119.616 |  |  | 
              
                
                  | TO ASK ABOUT ONE OTHER IMPORTANT | 5.583 | Jump to 5204.0 |  |  | 
              
                
                  | CONTINUE TO BE ONE OF THE MOST | 9.45 | Jump to 5336.466 |  |  | 
              
                
                  | QUESTIONS, BUT FIRST I HAVE A | 7.234 | Jump to 5347.816 |  |  | 
              
                
                  | KNOW THE FENCE KANE SAID ONE | 4.9 | Jump to 5503.1 |  |  | 
              
                
                  | THINK 1990. | 4.1 | Jump to 5546.983 |  |  | 
              
                
                  | 50 YEARS AGO TO PREDICT WHAT | 3.983 | Jump to 5608.0 |  |  | 
              
                
                  | WOULD NOT BE PREDICTING THAT 10 | 3.567 | Jump to 5612.083 |  |  | 
              
                
                  | YEARS IT WILL BE AT 175. | 3.633 | Jump to 5612.783 |  |  | 
              
                
                  | OF 6.4 MILLION JOBS IN OUR | 6.5 | Jump to 5682.75 |  |  | 
              
                
                  | ECONOMY IN 2021. BACK IN | 6.6 | Jump to 5684.183 |  |  | 
              
                
                  | DECEMBER 2020 WHEN THE | 4.683 | Jump to 5689.35 |  |  | 
              
                
                  | JUST CAME OUT OF WOULD BE 5%, | 6.967 | Jump to 5700.433 |  |  | 
              
                
                  | WAS 3.9%. THE UNEMPLOYMENT RATE | 4.75 | Jump to 5723.383 |  |  | 
              
                
                  | FOR THE FOURTH QUARTER OF LAST | 5.5 | Jump to 5727.0 | 
                      
                        
                      
                        DATE
                      
                      
                        THE FOURTH QUARTER OF LAST
                      
                     |  | 
              
                
                  | YEAR WAS 4.2%, ONE YEAR AHEAD | 8.5 | Jump to 5728.233 |  |  | 
              
                
                  | PROJECTED A 2.6% INFLATION RATE | 6.316 | Jump to 5775.3 |  |  | 
              
                
                  | 2.6% TARGET WHILE CONTINUING TO | 5.433 | Jump to 5796.933 |  |  | 
              
                
                  | FIRST, A QUICK HOUSEKEEPING | 2.6 | Jump to 5994.733 |  |  | 
              
                
                  | WHEN IT WAS FIRST INTRODUCED | 4.633 | Jump to 6015.95 |  |  | 
              
                
                  | BACK IN 2009 IT WAS ASSURED | 4.8 | Jump to 6018.583 |  |  | 
              
                
                  | HERE WE ARE 12 YEARS LATER FROM | 5.083 | Jump to 6074.3 |  |  | 
              
                
                  | THE FIRST INTRODUCTION, THE | 4.134 | Jump to 6076.416 |  |  | 
              
                
                  | BALANCE SHEET IS NEARLY $9 | 3.433 | Jump to 6079.483 |  |  | 
              
                
                  | TRILLION. | 2.866 | Jump to 6080.65 |  |  | 
              
                
                  | >> WE HAD OUR FIRST DISCUSSION | 5.084 | Jump to 6105.466 |  |  | 
              
                
                  | MEMBER BOARD OVERTURNED 88 | 3.966 | Jump to 6177.55 |  |  | 
              
                
                  | THE 12 RESERVE BANK PRESIDENTS | 2.8 | Jump to 6237.9 |  |  | 
              
                
                  | AS 12 VOTERS. | 8.85 | Jump to 6240.8 |  |  | 
              
                
                  | THERE ARE AS MANY AS SEVEN AND | 5.466 | Jump to 6253.25 |  |  | 
              
                
                  | THE MAJORITY IS FOUR. | 1.584 | Jump to 6258.316 |  |  | 
              
                
                  | >> LET ME ADD ONE ADDITIONAL | 0.767 | Jump to 6401.233 |  |  | 
              
                
                  | ONE OTHER AREA THAT I WANT TO | 4.167 | Jump to 6412.083 |  |  | 
              
                
                  | 32% OF HIS INCOME TO COVER | 5.516 | Jump to 6423.15 |  |  | 
              
                
                  | NOVEMBER 2008. | 1.333 | Jump to 6434.533 |  |  | 
              
                
                  | DISCLOSE LATE FEBRUARY 2020 | 3.45 | Jump to 6476.3 |  |  | 
              
                
                  | NO ONE CAN ANY LONGER BY | 6.883 | Jump to 6504.833 |  |  | 
              
                
                  | HAVE TO GET 45 DAYS NOTICE. | 3.266 | Jump to 6522.95 |  |  | 
              
                
                  | FUND AND 45 DAYS LATER THAT | 1.3 | Jump to 6547.783 |  |  | 
              
                
                  | COURIER CASES IN THE SECOND AND | 5.15 | Jump to 6672.533 |  |  | 
              
                
                  | THE SIX CIRCUIT DOWN THE | 3.683 | Jump to 6676.233 |  |  | 
              
                
                  | FOURTH-QUARTER CREDIT UNION | 4.4 | Jump to 6684.616 |  |  | 
              
                
                  | CASE IN THE 10th CIRCUIT FROM | 7.3 | Jump to 6685.583 |  |  | 
              
                
                  | 2017 THAT THE SAME THING. | 6.45 | Jump to 6689.116 |  |  | 
              
                
                  | COUNSEL OPINION 8867 THAT AN | 3.983 | Jump to 6707.8 |  |  | 
              
                
                  | SPD EYES ARE ONE OF THESE THAT | 5.133 | Jump to 6754.683 |  |  | 
              
                
                  | THERE WILL BE A COUPLE HUNDRED | 4.05 | Jump to 6791.716 |  |  | 
              
                
                  | HAS DROPPED 3.9%. | 5.533 | Jump to 6952.683 |  |  | 
              
                
                  | REMAINS A 7.1%, MORE THAN TWICE | 8.617 | Jump to 6987.016 |  |  | 
              
                
                  | UNEMPLOYMENT WHICH IS A 71%, IT | 6.4 | Jump to 7052.716 |  |  | 
              
                
                  | DROPPED BY 2.9% THIS YEAR. | 5.25 | Jump to 7055.783 |  |  | 
              
                
                  | FIRST TIME IN A LONG TIME, | 1.967 | Jump to 7120.316 |  |  | 
              
                
                  | WAS BORN IN 1898, AND WHO | 4.75 | Jump to 7141.8 |  |  | 
              
                
                  | BANK, WAS BLESSED WITH THREE | 2.533 | Jump to 7152.85 |  |  | 
              
                
                  | OVER THE LAST 30 YEARS, THE | 2.767 | Jump to 7171.066 |  |  | 
              
                
                  | ONE OF THE IMPORTANT DUTIES IS | 4.783 | Jump to 7191.95 |  |  | 
              
                
                  | BANKING INDUSTRY, FOR 30 YEARS | 4.8 | Jump to 7247.616 |  |  | 
              
                
                  | AND MORE FOR ALMOST 40 YEARS, | 4.634 | Jump to 7249.216 |  |  | 
              
                
                  | ONE OF THE THINGS IT IS DRIVING | 3.8 | Jump to 7254.983 |  |  | 
              
                
                  | OVER THE LAST 50 YEARS. | 2.367 | Jump to 7273.033 |  |  | 
              
                
                  | THERE IS ONLY ONE BANK LEFT, | 2.117 | Jump to 7275.766 | 
                      
                        
                      
                        PERCENT
                      
                      
                        ONLY ONE BANK LEFT
                      
                     |  | 
              
                
                  | I DON'T REMEMBER WHICH ONE. | 1.834 | Jump to 7345.016 |  |  | 
              
                
                  | CHARACTERIZE IT ONE WAY OR THE | 1.466 | Jump to 7372.2 |  |  | 
              
                
                  | UP, BACK UP TO 2%. | 2.867 | Jump to 7463.266 |  |  | 
              
                
                  | SITUATION WHERE THE TWO SORT OF | 5.467 | Jump to 7468.666 |  |  | 
              
                
                  | THERE IS NO BASIS TO PREFER ONE | 2.767 | Jump to 7495.066 |  |  | 
              
                
                  | OF THE TWO GOALS OVER THE | 2.666 | Jump to 7496.3 |  |  | 
              
                
                  | SITUATION. WE DON'T HAVE 10 | 6.25 | Jump to 7758.983 |  |  | 
              
                
                  | ONE'S OWN PORTFOLIO AT SENIOR | 5.8 | Jump to 7896.633 |  |  | 
              
                
                  | 45 DAYS NOTICE. AND IT IS | 2.267 | Jump to 7981.716 |  |  | 
              
                
                  | BOUGHT OR SOLD IN 45 DAYS. | 6.0 | Jump to 7986.716 |  |  | 
              
                
                  | 1.9% OF THE COURSE OF 2021 TO | 5.634 | Jump to 8079.116 |  |  | 
              
                
                  | CPI INFLATION BY 6.8% IN THE | 6.433 | Jump to 8088.15 |  |  | 
              
                
                  | UP AT 7.1% IN 2021. THIS WOULD | 6.2 | Jump to 8116.116 |  |  | 
              
                
                  | IN 40 YEARS. | 4.8 | Jump to 8122.416 |  |  | 
              
                
                  | VERY RECKLESS $1.9 TRILLION | 4.767 | Jump to 8139.333 |  |  | 
              
                
                  | THAT THERE WAS NEARLY $1 | 1.5 | Jump to 8151.616 |  |  | 
              
                
                  | TRILLION OF UNSPENT FUNDS | 3.1 | Jump to 8152.416 |  |  | 
              
                
                  | COMING INTO CALENDAR YEAR 2021 | 6.834 | Jump to 8153.216 |  |  | 
              
                
                  | ONE POINT TRILLION DOLLARS | 5.333 | Jump to 8162.933 |  |  | 
              
                
                  | ISSUES FOR THE FIRST TIME. | 4.817 | Jump to 8225.383 |  |  | 
              
                
                  | >> TWO DIFFERENT KIND OF RISKS. | 3.433 | Jump to 8304.233 |  |  | 
              
                
                  | FOR ONE LAST ROUND OF | 1.967 | Jump to 8497.966 |  |  | 
              
                
                  | MR. CHAIRMAN, TWO QUICK | 5.517 | Jump to 8541.966 |  |  | 
              
                
                  | ONE, REGARDING A CENTRAL BANK | 3.967 | Jump to 8547.583 | 
                      
                        
                      
                        ORG
                      
                      
                        REGARDING A CENTRAL BANK
                      
                     |  | 
              
                
                  | HAVE RESPONDED THREE TIMES I | 2.934 | Jump to 8629.166 |  |  | 
              
                
                  | ECONOMY AND 2020 ARE PRETTY | 1.934 | Jump to 8649.616 |  |  | 
              
                
                  | CLOSING ADDRESS ONE ISSUE THAT | 1.934 | Jump to 8716.116 |  |  | 
              
                
                  | PANDEMIC, THEY HAD ONE OF THEIR | 1.933 | Jump to 8725.383 |  |  | 
              
                
                  | FRIDAY, THE 14th OF JANUARY. TO | 3.767 | Jump to 8818.716 |  |  | 
              
                
                  | 19th. | 2.5 | Jump to 8823.616 |  |  |