Michael S. Barr: “I strongly believe that inflation is far too high today, and I am committed to bringing it down to the Federal Reserve's…”

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.

The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust array of supervisory requirements.

FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and the illicit financing.