Michael S. Barr: “The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust…”

I do not want to live through it again.

The argument for why regulation and monetary policy are both at the Fed is that it is supposed to inform each other.

I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.

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