Richard Shelby actually said...

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

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

I, along with others, believe that this could be the sign of things to come.

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.