Pat McHenry: “There is certainly more work to be done. And what we would like to see from you is for the pace to go up and continue to…”

Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.

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

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.