There are people on the left, including in the Biden administration, who are advocating that the Fed use its supervisory powers to resolve complex political issues, like what to do about global warming, social justice, and even education policy.
Toomey criticizes calls for the Fed to address political issues outside its mandate.
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If Congress is serious about the threats that face us, it must be similarly serious about supporting American innovation.
Democrats' wasteful spending, growth-killing regulation and excessively accommodative monetary policy are exactly what led to 40-year high inflation.
I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.
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