I do not believe that to have a strong economy was we must trade American jobs for corporate profits.

Encouraging giant, too-big-to-fail banks to buy up small banks so there are fewer banks to monitor would be a dangerous mistake.

So in 2010, Congress passed Dodd-Frank to make banking regulations tougher and to avoid future bank collapses.

In fact, you now hold the record, in a single year the FDIC has been forced to rescue more giant failed banks on your watch than any Fed chair in American history.

Our banking system is broken. Twenty-three billion dollars in bailout money and there is no accountability for those at the top.

The single biggest threat to our banking system is concentration.

It's little wonder, then, that when American workers see the high prices at the grocery store and the pharmacy counter and the gas pump--along with rising borrowing cost for mortgages and car loans and credit cards--they remain skeptical…

I find your answer really troubling, that you cannot just say yes.

Last month, wage growth outpaced inflation. That's the way it should be.

I am particularly concerned because regulators allowed America's biggest bank, JPMorgan Chase, to swallow up First Republic.

Honestly, Senator, I think they are tough enough.

For the many of us who are concerned that further rate hikes could do more harm than good, this is welcome news.

So you take no responsibility on this.

I find your answer really troubling, that you cannot just say yes.

I am particularly concerned because regulators allowed America's biggest bank, JPMorgan Chase, to swallow up First Republic.

Now President Biden knows that this is a serious problem.

There is no reason we cannot continue coming together to bring prices down.

Encouraging giant, too-big-to-fail banks to buy up small banks so there are fewer banks to monitor would be a dangerous mistake.

Now President Biden knows that this is a serious problem.

When President Trump first nominated you as Federal Chair in 2017, you testified, actually in this very room, I think, that you intended to, quote, 'consider appropriate ways to ease regulatory burdens for the banks.'

This is exactly why I opposed your nomination in 2017.

Do you take responsibility for your role in these bank failures?

Encouraging giant, too-big-to-fail banks to buy up small banks so there are fewer banks to monitor would be a dangerous mistake.

The single biggest threat to our banking system is concentration.

That is all I am looking for here, is that consolidation is a problem.