marchant: next question. the deception -- the disruption inthe repo market took place december -- in september. anticipated or not anticipated? do you anticipate keeping the expansion at the level it is until you are sure that will not happen again? chair powell: anticipated or not, it is a different world postcrisis. because of all of the expansion in our balance sheet and what we have done is we have now required financial institutions to have a lot more liquidity on the balance sheet so the fed does not have to run in with their own liquidity. that is a big benefit to the financial system. a lot of that liquidity is held in our reserves. we used to manage the interest rate by keeping reserve scarce. we had a total of $20 billion. now we have in excess of $1.5 trillion in reserve. we are trying to find that level, as we allow the balance sheet to shrink, where reserves will become scarce. there was no way to know. we had suggested we were not close to that point until september. we are still very much looki

great britain's katy marchant won gold in the women's keirin on day two of the track cycling world cup in glasgow. timing her burst for the line to perfection, she beat germany's emma hinze, who was second by the tightest of margins. meanwhile, ethan hayter and oliver wood claimed silver in the men's madison. there's more on the bbc sport website, including highlights from the first round of the fa cup. that's all from me, clive. holly, thank you for that, holly hamilton there. that's it, from me and the rest of the team, have a very good night. hello. after a frosty start of the weekend, many of us had rain again today. not just 0nce rain clears away, ice on untreated surfaces. in northern ireland, it has been so wet today, and across the southern half of england into wales, a lot of cloud around. fog patches and some rain and hill snow. edging further southwards. temperatures stay up under the cloud cover compared to clear skies further north. let's see how remembrance sunday is shaping up. across the south of the uk, a lot of cloud. patches of rain easing away. sunshine breaks throu

after the shocking death of the 22-year-old at the family's historic hyannis compound, the answer >> marchant avenue for overdose request a supervisor >> reporter: an accidental overdose ruled the medical examiner of alcohol and five prescription drugs including methadone used to treat opioid addiction and drugs for depression and anxiety while in high school, kennedy hill wrote frankly about her depression i suffered bouts of deep sadness that felt like a heavy boulder on my chest, imploring her classmates to be open about mental illness and help end the stigma more than 17 million american adults have depression, anxiety is even more common affect40 million adults every year. her mother's cousin, former congressman patrick kennedy, an advocate for mental health called saoirse courageous in the days after her death >> she opened the door for her peers to also come out and not feel shamed by this illness, and she's a real hero in my family. >> reporter: for speaking out about a problem too often ignored. anne thompson, nbc news. >>> there was a tragic accident today at a florida air show. a p

this one to do my trade marchant gets it for me you've been caught out from lynn in the city. you must really like the for for many yes it's very soft. this is mr lee's trade much and he is the one who buys the fur for max mara in the more remote provinces. we bonded i only get her from when you are mr leech. and if we want to visit the rabbit breeding funds it is him we have to convince. boss or so you think we could come with you to new york and. finally off to much discussion we have found out take it to. this region is one of the main rabbit supply zones breeding farms as far as the eye can see. thanks to mr lee's connections we go into one of them. this farm houses approximately 10000 animals multiple rabbits are often crammed together into one tiny cage. with never afraid there's no more room once i've sold a few rolls i'll be able to have one rabbit cocaine for the other members are your food there are no hygiene rules of thumb. on another phone we find the same breeding conditions animal droppings the left topola around the cages. some of the rabbits show signs of brea

david marchant runs the financial crime database offshore alert which investigated eric rest. why would he want a diplomatic pulse sport when you operate like restaurant you even though you're under investigation or you know that you will be under investigation at any given time so it provides a level of security. official alert claimed arrest promised prime minister. a $1000000.00 handing over hoffa to swiss villa with a plan to ensure he wasn't double crossed his former head of security told me that he secretly recorded video and. restaurant to giving a briefcase with half a $1000000.00 of cash in $100.00 bills to keith mitchell. after it was secretly recorded restaurant it told the head of security that if he tries to with may of going by the balls and the head of security then put all of this down into some form of legal document is that rice for an affidavit i was given a copy of that. the americans jailed arrest on a fraud in 20 is 6 and confiscated the tape without making it public a judicial inquiry accepted prime minister mitchell's explanation he did receive cash but

business leaders by microsoft and marchant 37% of firms believe soft industry standards are effective at preventing cyber attacks. and 19% of firms had, quote, no-confidence they could prevent cyber threats and 22% had no confidence they could respond to cyber events. is it time to stress test the framework. >> two things about that survey, performs from collaboration with microsoft. one of the things we saw that we think is a positive development is from 2017 when we did at the first time in the most recent survey, we have seen a number of people in these enterprises that were surveyed that are aware of the risks they face and the need to take steps has increased significantly. it is not enough and more needs to be done. we were one of the contributors working on that. we believe this framework is a very useful framework. and companies should be assessing their cyber security. our cyber security as a country relative to the framework and i know from discussions with others around industry, one thing is important here. >> be quick because my time is short. this is complicated and if y

four minutes so that everyone gets a chance to question so i will start and then go to representative marchant until the chairman comes back. so thank you the full unemployment rate is well below the fed's long run estimate of 4.2% measures of underemployment and long-term unemployment also are at a near decade low yet the unemployment rate for some groups is substantially higher for example, the black unemployment rate while at an historic low is still well above 5% is the economy at full employment or could a tighter labor market draw more people back into the workforce? >> thank you so we're charged to achieve maximum employment when we think about maximum employment, we look at not just unemployment but also labor force participation, we look at wages, we look at, you know, many, many data points and i would say that what we have learned and what we continue to learn is that the u.s. economy can operate at a much lower level of unemployment than many would have thought and it's probably not surprising that we'd be learning that now because we're at levels of unemployment that we haven't se