Michael S. Barr: “I think the act would cripple the new Consumer Bureau and there wouldn't really be anybody standing up for American…”

SVB failed because of a textbook case of mismanagement by the bank and that Federal Reserve supervisors failed to take forceful enough action.

We are playing right into China's strategy.

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

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