I think that's still a solid foundation and that gives this President and future Presidents the ability to influence policy by the people they nominate. But stepping away from the supervisory roles, especially on non safety and soundness issues, yes, The Fed has a responsibility to make sure that their member banks and the institutions that use their services are run in a responsible, compliant, sound fashion. But there's a difference between being a good banker and being a banker who's told what kind of loans you can or cannot make in the energy sector, being told … (04:15–04:24)
CLAIM
Asserts that the Federal Reserve is responsible for ensuring member banks are run responsibly and compliantly.
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.
