Michael S. Barr: “By pushing back against common-sense reforms to housing finance, the Democrats are endangering the very low- and…”

I strongly believe that inflation is far too high today, and I am committed to bringing it down to the Federal Reserve's target of 2 percent.

It was our judgment collectively on the Federal Reserve Board, and an unanimous decision of the FDIC and the Treasury Secretary, that we needed to do that to protect contagion from infecting healthy banks in the system.

I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.