Frank Lucas: “I very much appreciate the opportunity to respond. I think that probably it is better that you finish the discussion.”

Thank you, Mr. Chairman, and thank you, Ranking Member, for holding this hearing, and the witnesses for agreeing to testify.

The fact is the inflation is still running above the Fed's 2-percent target.

I have no further requests for time, and I am prepared to close once the gentlewoman from California closes.

You have reiterated how Members of the Board would like to see a revised Basel proposal put out for public comment.