Michael S. Barr: “In an era when some politicians in Washington, and even some politicians on this committee, are openly embracing…”

The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.

Yes, I do think that bank mismanagement was at the core of this.

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.