loudermilk: i thank you. i probably do not have time to get into other questions so i yield back the balance of my time. rep. waters: the gentleman from california is recognized for five minutes. >> thank you. chairman powell, you have frequently spoken about your beliefs and the importance of maintaining the independence of the federal reserve. do you still have that belief? anything changed in the new year? chair powell: no. >> we do not want the fed to be making decisions like where to set interest rates based on any factors other than the best interest of the country. i know you had experience with the president publicly and aggressively attempting to lean on you to lower interest rates and i appreciate your continuing affirming the importance of the independence of the fed. it is not just the president. there are a lot of people who would love the opportunity to weigh in on the fed decision. outside of administration officials, what other kinds of people might want to influence you in regard to the fed d

loudermilk: thank you. probably don't have time to get into other questions, so i yield back the balance of my time. ms. waters: thank you. the gentlewoman from california, ms. porter is recognized for five minutes. ms. porter: thank you. chairman powell, you frequently have spoken about your belief in the importance of maintaining the independence of the federal reserve. do you industrial that belief? mr. powell: i do. ms. porter: anything changed in the ewe -- in the new year? mr. powell: no. ms. porter: we don't want the fed to be making decisions about interest rates and other things with any interest other than the best of the country. you tend to leap on interest ates and appreciate your continuing importance on the fed. it's not just the president. there are others who would love to weigh in on fed decisions. what other kind of people may want to influence you in regards to fed decision making? mr. powell: what other people might want to influence us? potentially quite a wide range of people i would

., mike johnson, barry loudermilk, doug collins, bruce westerman, rick allen, john curtis, michael cloud, kelly armstrong, william timmons, and denver riggleman, for their engagement and leadership in pulling together this playbook that we hope to run these commonsense ideas. the report is broken into three sections. the first section refers to the comments made by my colleague who just finished on the power, the article 1 power in the constitution to restore the people's control over an unchecked bureaucracy by returning the constitutional balance between the branches of government. our founding fathers never anticipated the size of the bureaucracy we have today. that's why we need provisions like the reins act so that the statute passed in this house get reflected in rules consistent with our intent. the second section of the report has to do with government practices. to streamline federal programs and operations to promote efficiency and eliminate waste. madam speaker, in 2015 the social security administration told us we had sent benefits checks to over six million americans who wer

congressman loudermilk, thanks very much for joining us. we appreciate your service. yes, sir, we do. thank you. >> thank you. stuart: more "varney" after this. ♪ ♪ . . many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com stuart: ash, urn saying tesla down 124 bucks. worst performance -- in six years. going back to 2013. it continues the drone, down 14%. if that continues through the recession, worst performance in more than six years. stuart: phenomenal run-up. >> more than doubled. stuart: more than doubled this month. lauren: this year, since beginning of the year. more than doubled. coming back down to earth. stuart: 762. okay. how about this one? match group? they have got a few dating apps, down, way down. they're not bringing in as much money as they would lik