01/18/2021
https://www.congress.gov...
"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."
"this is an approach to monetary policy that severely threatens the independence of the Federal Reserve."
"job growth has been pretty solid now for a number of years."
"The Highway bill, as I understand it, will take a large share of our operating surplus, which is part of the Federal Reserve's capital, to pay for this bill and not allow us to build it up."