I do believe that there should be a rough proportionality between the number of rulemakings and the number of good ideas.

What we have learned is that we now have to reinforce our banking system against bank runs that can occur at the speed of the internet.

This will require stronger emergency liquidity provisions to banks under attack, and it has to be available 24 hours a day, 7 days a week.

Had we followed Congress' direction to include contingent capital in the stacks of U.S. large banks, we would have been able to resolve the SVB without hitting the Deposit Insurance Fund.

I remain proud of what we did almost 13 years ago with the Dodd-Frank Act.

we spent billions of dollars, and at one point in a committee hearing, I asked the question, well, didn't the Taliban kind of do this experiment?

we have spent billions of dollars, and at one point in a committee hearing, I asked the question, well, didn't the Taliban kind of do this experiment?

Just for the record, no one volunteered such a magic technology.

if we wish to prevent crypto assets from being used for ransomware, if we wish to prevent wash trades and other market manipulation, is there any alternative to having every crypto transaction ultimately associated with a traceable legal identity issued by a country with which we have extradition treaties?

I think it is a mistake to imagine that you can completely hide from the macroeconomic effects of technology in your scenario planning.

The monetary policy report that we are receiving today is largely a narrative of a return to normal.