For the largest multinational corporations, inflation has been a perfect excuse to increase profits by raising prices far beyond the costs of their inputs.

This is exactly why I opposed your nomination in 2017.

Last week, the Fed decided to pause interest rates hikes after ten consecutive increases, and maintain the rate at its current level.

So you take no responsibility on this.

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

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.

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

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

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 opposed your confirmation because I believed that your continued leadership would be dangerous to our financial system.

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