06/15/2021
https://www.congress.gov...
"Well, from my point of view, and I think from the point of view of the FOMC, more jobs are always good, employment is good."
"It certainly helps. We have also put in place requirements for adequate--our so-called TLAC rules for adequate loss absorbency."
"Every Fed Chair that I can remember has come and told Congress that this is a looming problem with serious economic consequences."
"If the Fed had been forced to follow such a rule in recent years, millions of Americans would have suffered unnecessary spells of joblessness over this period."