Michael S. Barr: “The Fed is not satisfying its price stability mandate.”

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

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.

We are playing right into China's strategy.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.