So I appreciate you don't want to relitigate the past, but I do think, as we all know, we also learn from history and during the previous administration, The Fed took some pretty major regulatory actions, some within its statutory authority, and my view may be excessive, but others that were clearly beyond what Congress had really authorized. And you know, everyone agrees a safe and sound banking system is essential to monetary policy, the economy, and the American people. (02:42–02:57)
CLAIM
Asserts that the Fed exceeded its statutory authority with some regulatory actions during the previous administration.
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