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.
Toomey emphasizes the importance of Fed independence in the context of political issues.
Share & report
More from Pat Toomey
Unfortunately, I'm deeply concerned that financial regulators, including the Fed and SEC, are increasingly straying into contentious political issues wholly unrelated to their mandates and expertise.
A fundamental aspect of a properly functioning democratic society is that important public policy decisions should be made by elected, accountable representatives.
Federal spending should be driven by a reasoned assessment of our Nation's needs.
Other voices in this conversation
