I feel strongly that climate change is an important issue that needs to be addressed by elected people.

What needs to change is we need to get inflation under control so that interest rates can come back down.

We believe strongly, and always have, in tailoring to address the different size and risk characteristics of financial institutions.

We are not and will not be a climate policymaker.

No, I think there are limits built into the law, which I don't have in front of me right now.

I am worried about a lot of these stablecoins and other cryptocurrencies. Do they go to zero when we come up with a CBDC that has the full faith and credit of the United States behind it?

I just want to say I think my colleagues feel the same way on the Board, that we are going to guard that border carefully.

What FedNow will do is it will enable all of the banks, any bank in the United States, not just the big ones, to offer instantly-available funds and real-time payments to their customers.

Our independence is partly founded on the idea that we will stay out of stuff that you have not assigned us to do.

I hereby assure you.

I think the costs of failure to restore price stability would be extremely high, and while there will be a cost to success, the cost of failure will be much higher.

I do think it would be important for us to have a workable legal framework around digital activities.