06/22/2022
https://congress.gov...
"What is different about the United States is bad fiscal policy compounded by monetary policy errors."
"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 encourage the Fed to exercise fortitude in restoring price stability and staying focused even in the face of financial market volatility."
"I worry that a CBDC, even an intermediated CBDC, would still result in $720 billion in deposits leaving the banking system."