Political Quotes

On the recordSeptember 18, 2023
We created the Fed in 1913 for a single reason: to be the lender of last resort.
Said by
David Scott
Democratic · Georgia

Editor's note · Context

Scott explains the original purpose of the Federal Reserve.

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More from David Scott

Nov 14, 2023

I have some serious concerns with the bank capital requirements that you are proposing ... will only make the cost of goods and services ... more expensive.

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Jul 12, 2023

I think we need to go back to the future and be focused more about who is on the board.

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Feb 13, 2024

Virginia has already received nearly $8 million in funding that goes directly to farmers across our Commonwealth.

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Jul 12, 2023

It disconnects it from the individual company responsibility, and that is a big difference that usually doesn't get mentioned.

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