Michael S. Barr: “I think it will mean that we will see more bailouts and more chaos in financial markets.”

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

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

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.

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