It is fatal conceit to believe that the Fed is capable of micromanaging our economy to some state of economic nirvana.
There hasn't been a single year when economic growth has reached 3 percent.
Thank you for your forbearance, Mr. Chairman, on the time. I yield back.
It erodes agency independence and harms accountability.
This structure clearly injects partisan politics into the regulatory process.
FSOC's budget is not subject to congressional approval, removing yet another check and balance to its immense power.
Unfortunately, it is also one of the least transparent and least accountable.
Financial regulators possessed every regulatory power to prevent the 2008 financial crisis, but failed to do so.
We are the ones who are actually elected representatives of the American public.
FSOC is clearly one of the most powerful Federal entities ever to exist.
the SEC is 'full out focused on developing its own fiduciary rule.'