Pat McHenry: “A doubling down of failed housing policies is not the answer. We need innovative solutions.”

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

I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.

I would like to thank President Biden for putting forth a capable, competent, and qualified nominee.

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