Patrick Toomey actually said...

Would you agree that if regional Fed banks engage in partisan advocacy masquerading as research, that advocacy would harm the Fed's credibil...

As Larry Summers said last week, there seems to be an overemphasis of certain risks like climate change by central banks.

The Fed's recent actions raise concerns that it's losing sight of this constraint.

Congress has provided the Fed with a great deal of independence to isolate it from political influence.