It is the Administration's agenda that is driving up the cost of things, and is making the American people worse off, not better off.

The economic question that I hear from economists on the left now, and your former San Francisco Fed even acknowledges, is that February stimulus contributed to the inflation we are now experiencing.

I am glad to see that President Biden recognizes what I have said all along, that you have earned and deserve another term leading the Federal Reserve.

It is the multiple trillions of dollars that this Congress and this Administration is spending that is putting jet fuel on the fires of this economy.

I think that fiscal--

I am just asking you--you are a noted economist, who was the Chair of the Federal Reserve.

The promise of the American Dream is that if you work hard and you play by the rules, you can achieve success.

The Bureau has also delayed implementation of major rulemakings, causing regulatory uncertainty. That is problematic.

the CFPB will be basically run by Richard Cordray 2.0.

There has been an alarming trend that the committee Democrats are scrapping these statutorily-required hearings, and I hope that we are back on track now.

we think this is a good first step, but now it is time for Congress to rein in the Bureau.

I think the decisions were harmful to small businesses and consumers.

Thank you, Madam Chairwoman, for holding the hearing today, and I am glad the committee is following up on our statutorily-required oversight hearings.

these are simple and common-sense solutions that we should talk more about today.

Republicans are more interested in getting answers about your agenda, Director Chopra.

the Democrats seem to have learned nothing and yet forgotten nothing.

I will remind the Chair that it was Republicans who raised the alarm about the Biden Administration's mismanagement and incompetence in delivering emergency rental assistance.

It was bipartisan. Let me repeat that: It was bipartisan.

Democrats have already impacted core inflation. Now, they want to throw more fuel on the fire.

I think we have to have clarity in the law around what is a digital asset.

Thank you, Madam Chairwoman.

That is why today, along those same lines, Chairman Gensler, I introduced the Clarity for Digital Tokens Act.

I encourage everyone to take a look at my bipartisan bill, the Securities Clarity Act, which amends securities law with a new definition, the investment contract asset, so the SEC can work with issuers to swiftly determine when a token is…

I think that the challenge for the American public is that if we don't oversee this and bring in investor protection, people are going to get hurt.

I am grateful, as an American, that you both are in the seats that you are in right now, because we are in a special circumstance here in the fall this year.