Pat McHenry: “The Fed will, 'stay the course until the job is done,' and that job is to restore price stability.”

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.

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

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.