Frank Lucas: “Thank you, Chairman Peterson, for calling today's hearing.”

Folks back home are always very concerned about inflation and the period we have gone through lately.

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

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

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