So our part of it is to try to get inflation under control, and that is what we are doing, and ideally we will do that with as little as possible damage to the economy and the labor market

So our part of it is to try to get inflation under control, and that is what we are doing, and ideally we will do that with as little as possible damage to the economy and the labor market

The buck stops at the board on supervision, not at San Francisco Reserve Bank, although they are involved.

I certainly think that our supervision has been shown to have been lax in not being assertive enough.

That is my focus, is going forward.

The strong majority of the committee believes that it will be appropriate to raise the Federal funds rate again once or twice by the end of the year.

We need to be able to be nimble and more forceful, where appropriate.

I would say we are committed, and I am personally committed, to learning the right lessons from what happened in Silicon Valley Bank and the other two failures.

I will make sure that there is enough time for Governors to review the final proposal

We want, in particular, the GSIBs, the eight largest banks, to have high levels, very high levels of capital and liquidity.

We expect modest growth going forward, growth below the sort of longer run growth rate of the United States economy.

It is absolutely the case that Congress will need to authorize the Federal Reserve to issue a CBDC.