Cynthia Lummis: “The Federal Reserve has grown too powerful, too insulated…”

“I won't have any confidence in the Fed's IG and its findings until that person has statutory independence from the Fed chair. The Federal Reserve has grown too powerful, too insulated, too comfortable. And they are operating in the shadows. And this is the minimum we can do to start getting this independent agency some scrutiny. They don't even respond to FOIA requests.” (08:29–08:37)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.