“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.”
Barr asserts that the Fed should not dictate lending practices to financial institutions.
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More from Michael S. Barr
The bank did respond to regulator citations but those responses were insufficient.
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.
Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the Board?
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.