Michael S. Barr: “The failure of SVB illustrates the need to move forward with our work to improve the resilience of the banking system.”

I think the steps that we took together to stabilize the economy and provide public confidence in the banking system are of assistance to low- and moderate-income households and to all Americans around the country.

I do not want to live through it again.

The obligation, obviously, is on Congress and the Executive Branch to work out an arrangement on the debt ceiling to raise it.

Yes. I have been consistent in saying both that the system is strong and that we also need to think about stronger capital rules.