Michael S. Barr

I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.

FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and the illicit financing.

We need to not only arrest individuals such as those in Woodford County who traffic this potent deadly drug, but also find and eliminate the source of production and financing.

I strongly believe that inflation is far too high today, and I am committed to bringing it down to the Federal Reserve's target of 2 percent.

I thought it was really quite admirable the way Republicans and Democrats worked together on that legislation.

The only purpose of the Federal Reserve's scenario analysis or other measures should be to understand risks that climate might pose to the financial system and to work with financial institutions on measures to manage those risks.

The Federal Reserve's independence is longstanding, and I think quite critical to its effectiveness as a nonpartisan institution.

No, Senator. I think that the Federal Reserve is not able to allocate credit, should not be in the business of telling financial institutions to lend to a particular sector or not to lend to a particular sector.

If politics were to get involved in monetary policy it would dramatically reduce the effectiveness of what the Federal Reserve does.

Inflation has hit a 4-decade high, with the Consumer Price Index (CPI) surging to 7.5 percent.

The Fed is not satisfying its price stability mandate.

Tax and spend policies are largely to blame.