Pat McHenry: “So, you would tell folks who look at new guidance that was issued maybe this morning, that has no new force of law, no…”

Workers and families feel the pain, making everyday purchases at high prices in the grocery aisle and at the pump.

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.