It seems to me, in fact, that access to credit is a necessary precondition for poor people to move up to the middle class, not the other way around.

I am concerned about increasing pressure on banks to embrace 'wokeism' and appease the far left's attacks on capitalism.

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

Put simply, neither the warming of the Earth's temperature nor severe weather events are a threat to the stability of the financial system.

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.

The siren calls of politically charged endeavors should be ignored, in order to preserve the credibility and independence of the Fed.

I sent letters to three regional Fed banks inquiring about what I see as a troubling veer into social policy topics.

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

There are notorious stories of concentrations of poverty and crime and other social ills.

We should not pay for an infrastructure package by borrowing billions of more dollars.

Let me end where I began. In my view, I do think it is possible for us to enact a bipartisan bill that responsibly boosts Federal support for real physical infrastructure.