Political Quotes

On the recordFebruary 2, 2022
If Ms. Raskin is confirmed, there is going to be an effort at the Fed to start with a climate scenario analysis.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey warns about potential Fed actions if Raskin is confirmed, focusing on climate risks.

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But certainly one of those principles is that the unelected Governors of America's central bank should not be responsible for dealing with difficult issues like global warming, social justice, and education policy.

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Critically, my budget would also keep our nation on a sound fiscal course.

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A fundamental aspect of a properly functioning democratic society is that important public policy decisions should be made by elected, accountable representatives.

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We are here today, obviously, to consider three Fed nominees. But today's hearing is not just about vetting them. It is really a referendum on the Fed's independence and whether or not we are going to abandon a core part of our democracy.

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