Frank Lucas: “I still believe the U.S. Congress is the best deliberative body in the world.”

Before I yield to my colleague from Michigan, I yield myself such time as I may consume. Madam Speaker, this is a process that combines two good pieces of legislation. This is a process that takes what we successfully did in…

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

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

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