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By V3.pdb 1.66M. V.pdb 939.28K. display.pad 15.02K..The top Democrat on the House Financial Services Committee wants the Federal Reserve to consider repealing its key bank reserve requirement for commercial and industrial loans.

Rep. Maxine Waters, D-Calif., is the top Democrat on the financial panel’s oversight subcommittee and has promoted credit expansion as a way to bolster the economy after three straight years of subpar growth.

“What we need is to provide more and more liquidity to the economy and to the banks,” Waters told the Washington Examiner. “What the Fed has been doing is pumping in interest-rate money and reducing their interest-rate requirement.”

Waters’ proposal comes at a time when the Fed has been discussing how much to raise its benchmark interest rate — a decision that is scheduled for March. Fed officials have flagged the need to keep the rate low and stability to help revive the economy from a recent plunge in business investment and private consumption.

Waters argued that while the central bank provides liquidity through the discount window and refinancing operations, the Fed’s securities held as reserves has been a “big bucket of money” that the central bank could sell to help boost credit.

She said that the Fed has been selling $50 billion a month from its reserves.

The Fed’s former chief economist, Alice Rivlin, has argued that the central bank could slash its reserves if it wanted to boost the economy.

Waters said that cutting the $2.3 trillion reserves could not only stimulate lending and give more money to businesses but also help control inflation.

She is not the first member of Congress to call for the Fed to repeal its bank reserve requirements.

Rep. Judy Chu, D-Calif., a new member of Congress, also wants the Fed to reconsider its policy of allowing banks to hold reserve on reserves.

“It’s bad for the economy,” Chu told the Examiner.

During the 1970s and 1980s, the Fed hiked its reserve requirement to crack down on inflation and keep interest rates down. But it pulled back during the early 1990s, and economic growth accelerated.

Waters and Chu see the central bank’s asset holdings as a potential burden on the economy, particularly because the U.S. is now holding a record amount of Treasurys as a percentage of total currency and equity market holdings. The bank holdings are currently about

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I’m pretty sure, the tablet is able to recognize when you rotate the screen from landscape to portrait, regardless of whether or not you set a specific rotation setting in the tablet’s settings. Â
If you’ve lost the directions, I’ll try to give a quick rundown: Â
– Â In the Tablet’s Settings, you need to set a rotation setting. Â
– Â You need to install the Handheld Experience extension for Creative Cloud to get this to work properly. Â
– Â You need to switch between landscape and portrait with the arrow key. Â
– Â If the tablet boots up and the Handheld Experience extension is installed, hitting the “hand” icon should launch the Draw app (hand icon is in the apps section). Â
I hope this helps! Â
n. Â
If you have any other questions, don’t hesitate to ask. Â Â
Thanks, Â
Cindy Â
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