We are not usurping the laws. We are making sure that companies operate in a safe and sound fashion and that their boards of directors--

There is a lot that the banking regulators can do on their own.

I wouldn't apply it to community banks.

What we are talking about is political interference in decision-making by the Committee.

I intend to serve out my term and not--

The National Federation of Independent Business's most recent survey shows that only 4 percent of business owners regard themselves as not having all of the loans available to them that they would ideally like.

I think that bringing GAO into routine real-time reviews of our policy decisions simply compromises the independence of monetary policy.

Loans, core loans, and C&I lending has certainly increased at a solid pace in recent years.

I certainly do agree with the core principles.

I believe it is important to provide that education, and I try to do so in my testimony, and press conferences, and our minutes, and our monetary policy report.

I think that involves very detailed intervention in monetary policymaking that compromises independence.