Michael S. Barr: “I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.”

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

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.

We are playing right into China's strategy.

I don't agree with that assessment. I think that capital in general is facilitating strong lending to all communities, and having strong capital in the system is critical for doing that.