Frank Lucas: “What works for California might not work for Oklahoma.”

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

I have spent much time screaming about the potential impacts of the Basel capital requirements on the American economy.

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.