Pat McHenry: “As we face the worst inflation the country has seen in 4 decades, I am encouraged to have Mr. Powell leading our Central…”

I am pleased that the Fed is resolute in getting inflation under control.

Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?

We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.

This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.