But when you see things like these cost overruns, when you see four to six Fed governors and regional employee or regional bank presidents have to leave for ethics violations out of 19, what kind of signal does that send to the American people? The American people have to believe in the Fed or you see the worst inflation in 49 years. So I, for me, I think that it's very important to reform the Fed, get this sprawling operation under control on one side. And the litmus test isn't made for me. (40:53–40:59)
CLAIM
Asserts that public trust in the Fed is crucial to avoid the worst inflation in 49 years.
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.
