Michael S. Barr: “The only purpose of the Federal Reserve's scenario analysis or other measures should be to understand risks that climate…”

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

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

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

The failure of SVB illustrates the need to move forward with our work to improve the resilience of the banking system.