05/10/2021
https://www.congress.gov...
"The Federal Reserve must not seem and must not be supervised by itself."
"the loosening ends up having multiplier effects, that once you loosen a little bit you lose other discipline in the system."
"I'm working on bipartisan legislation to claw back money when executives take big bonuses for blowing up their banks."
"Independence should not be conflated, however, with a total lack of accountability when the Fed and its leadership make serious mistakes."