the Fed continues to stonewall Congress, stonewall the public, on the underlying information about these trades.
Then how could you say there was no evidence that anyone violated the rules? It clearly violated the rules.
S. 2155 weakened the rules and the supervision for these banks like SVB and opened the deregulatory door for the Fed to drive a truck throug...
The actions of the Chair of the Federal Reserve and a Governor of the Federal Reserve were unambiguously inconsistent with the Fed's rules.
Right. OK. So this chummy little group is making a lot of policy here, and nobody else gets to see it.
Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.
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.
I opposed Powell's nomination as Fed Chair and again in 2021, when I said that he was a dangerous man to keep at the Fed.
I have got an idea, a bipartisan idea that I am introducing with Senator Rick Scott today: get the big bankers off the Federal Reserve board...
The Federal Reserve must not seem and must not be supervised by itself.