02/05/2024
https://congress.gov...
"I encourage the Fed to exercise fortitude in restoring price stability and staying focused even in the face of financial market volatility."
"I appreciate your humility in acknowledging that both the Biden Administration and the Fed were wrong last year when they assessed inflation to be transitory."
"I don't know how the government says the inflation rate is 8.6 percent, because for those of us in the real economy, it feels more like twice or three times that rate."
"I worry that a CBDC, even an intermediated CBDC, would still result in $720 billion in deposits leaving the banking system."