Michael S. Barr

I can say the banking system is sound and resilient. I think that was really the right thing to do.

The Federal Reserve's rules, issued in the wake of the legislation that was issued in 2019, did have the effect of lowering supervisory and regulatory standards for firms.

The Congress needs to increase the debt ceiling. There are no other options around that.

We will definitely be looking into that. And we retain enforcement authority to go after people at the bank who violated the law, or who breached their fiduciary duty, or who engaged in unsafe and unsound practices, and we will hold them…

I think we need to take a good, hard look inside at the Federal Reserve, at our supervision, at our regulation.

I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.

I want to know what the bank executives were doing in the months, weeks, and days leading up to this failure.

The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust array of supervisory requirements.

The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.

Yes. I have been consistent in saying both that the system is strong and that we also need to think about stronger capital rules.

They failed in basic measures of interest rate risk and liquidity risk.

I do not want to live through it again.