Social media is implicated.

you do not get to write a law that shoves the Fed in a strictly deregulatory direction and then turn around and say, 'Gee, we wish they had not deregulated.'

you do not get to write a law that shoves the Fed in a strictly deregulatory direction and then turn around and say, 'Gee, we wish they had not deregulated.'

Senator Scott and I also introduced a bill, which was included in a separate bill with Senator Tillis, to give the Fed a true, Senate-confirmed independent inspector general to serve as an agency watchdog.

Recently the United States has considered issuing a central bank digital currency. CBDCs are digital liabilities issued by a central bank and made available to the public. The implications for the United States dollar as the world's…

I appreciate the work you are doing in trying to keep nursing home residents safe.

Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.

The Fed's report also laid blame at the feet of Congress for passing legislation to weaken bank rules--an agenda that Chair Powell eagerly embraced.

S. 2155 weakened the rules and the supervision for these banks like SVB and opened the deregulatory door for the Fed to drive a truck through.

Thank you to Senator Marshall for your shared commitment to addressing the mental health and substance use crisis in the United States.

I've got an idea--a bipartisan idea that I'm introducing with Sen. Rick Scott today: get the big bankers off the Reserve Banks boards of directors.

Now I think it is long past time that Congress finally acts, and I have bipartisan legislation with Senator Scott to do that.

Senator Scott and I also introduced a bill, which was included in a separate bill with Sen. Tillis, to give the Fed a true, Senate-confirmed independent Inspector General to serve as an agency watchdog.

It is our duty to ensure that they are safe, but some of these facilities are in horrendous condition due to the greed of their corporate owners.

Right. OK. So this chummy little group is making a lot of policy here, and nobody else gets to see it.

The actions of the Chair of the Federal Reserve and a Governor of the Federal Reserve were unambiguously inconsistent with the Fed's rules.

Did they violate the rules? Yes, they violate the rules.

I warned about in 2018 when I opposed Powell's nomination as Fed Chair and again in 2021 when I said that he was a dangerous man to keep at the Fed.