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

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.

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

It is those workers who stand to lose the most if the Fed overdoes its rate hikes, loses sight of the dual mandate, and drives the unemployment rate back up.

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

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

This is exactly why I opposed your nomination in 2017.

Honestly, Senator, I think they are tough enough.

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

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

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.'