On the recordFebruary 10, 2016
Senator, yes, I agree with what you said.
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congress.govSenator, yes, I agree with what you said.
Yellen agrees with Crapo's concerns about liquidity in stressed market conditions.
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I think this is an area where congressional legislation is appropriate to create an appropriate prudential framework.
President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.
I think we gain and China gains from trade and investment that is as open as possible, and it would be disastrous for us to attempt to decouple from China.
I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.