On the recordNovember 11, 2020
If there is a credit allocation decision to be made, that is a decision for Congress, to be debated by the public's representatives.
Said by
Ryan F. Quarles
Source
congress.govIf there is a credit allocation decision to be made, that is a decision for Congress, to be debated by the public's representatives.
Quarles emphasizes that credit allocation decisions should be made by Congress, not the Federal Reserve.
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