We have got unemployment, as you know, at 4.1 percent, which is sort of at or near or even below most estimates of the natural rate of unemployment.
We think we need the leverage ratio as a high and hard backstop to risk-based capital. We think that the current calibration of the enhanced...
Racial discrimination in mortgage lending, in any kind of lending, is completely unacceptable.
I am eager to have more colleagues.
I want to begin by expressing my appreciation for my predecessor, Chair Janet Yellen, and her important contributions.
Transparency is the foundation for our accountability, and I am committed to clearly explaining what we are doing and why we are doing it.
I would just say our own job is to focus not on fiscal policy, but on monetary policy, and so that is our frame of reference.
We take a very serious view of any kind of racial discrimination in lending.
It is a really important thing and certainly worthy of a longer discussion, which I would be delighted to have with you.
Yes, sir, it has been a gradual recovery, but it is ongoing.
I will make you that commitment.