Rashida Tlaib actually said...

"I believe you do have the authority."

"can you explain to me why the Federal Reserve shouldn't ensure that State and local governments have access to funding during times of distress?"

"I am afraid that simply is not good enough."

"I asked you why, if the Federal Reserve is willing to backstop or support big banks and corporations during periods of credit market distress, we wouldn't want to make equally sure that State and loca..."