Michael S. Barr: “Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the…”

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

Community banks are exempt from this proposal. It only covers the top 37 banks in the country.

I do think the banking system is sound and resilient.