Michael S. Barr

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.

I believe that it should be the sense of Congress that the policy of the United States is to prevent from Iran from obtaining a nuclear weapon by all means necessary.

Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the Board?

We are playing right into China's strategy.

I do think the banking system is sound and resilient.

I have said repeatedly that banks, according to our rules, are well-capitalized today. Our banking system is sound and resilient.

The argument for why regulation and monetary policy are both at the Fed is that it is supposed to inform each other.

The report that we released suggests that both the Board in Washington and the San Francisco Fed did not hold up the bank with enough pressure.