Mike has a record of public service.

I believe he will faithfully serve all of the American people in this role.

First of all, I and my Republican colleagues have been on record for well over a year warning about inflation risk, warning about the excessive spending.

Larry Fink, the CEO of BlackRock, is using his company's power to push his personal political agenda on the corporate sector.

This hearing is not just about vetting them. It's a referendum on the Fed's independence.

If activism by a supposedly independent central bank is accepted, the potential for abuse--by both parties--is limitless.

Do you mean what you say today or did you mean what you have been saying for years?

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.

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…

If Ms. Raskin is confirmed, there is going to be an effort at the Fed to start with a climate scenario analysis.

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.

These are important issues, but they're wholly unrelated to the Fed's limited statutory mandates and expertise.

My concern about Fed overreach is not hypothetical.

I think he is eminently qualified, knowledgeable, has the temperament and the experience to be a constructive contributor.

the Fed Board has no role in the allocation of capital, period, end quote.

In a democratic society, those tradeoffs must be made by elected representatives who are accountable to the American people, not unelected central bankers.

I have to say this is one of the most remarkable cases of confirmation conversion I have ever seen.

the so-called Build Back Better bill, as proposed, would be the single most damaging domestic legislation in generations.

Will you commit to considering yourself independent from the White House, regardless of which party occupies it?

Will you commit to make your decisions without regard to political or electoral consequences?

It is very important that Fed decisions on monetary and regulatory policy are entirely free from political interference.

Would you commit to going as far as you legally can in moving in the direction of coming out of the conservatorship?

there are people on the left and in this Administration who want the Fed to become more political

This policy contemplates more mortgages for higher-risk borrowers, repurposing the GSE as instrumentalities of social policy.

Last year, Governor Brainard repeatedly insisted that inflation was transitory.