Michael S. Barr: “The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that…”

The report that we released suggests that both the Board in Washington and the San Francisco Fed did not hold up the bank with enough pressure.

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.

The Congress needs to increase the debt ceiling. There are no other options around that.

I have said repeatedly that banks, according to our rules, are well-capitalized today. Our banking system is sound and resilient.