Richard Shelby actually said...

You have been critical of the use of economic theory and empirical data as the basis for financial regulation.

I have always thought that economic analysis has served an important role in ensuring regulations.

Despite the challenges caused by the pandemic, our banking system overall has remained resilient, with strong capital and liquidity levels.

If we fail to take inflation seriously, Mr. Chairman, I am concerned that our Nation could be faced with the same challenges of years ago.