At today's House Financial Services Committee hearing, Rep. Andy Barr (R-KY) slammed President Biden for inflation.
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NewsTranscript
00:00We'll recognize the chair of the Financial Institutions Subcommittee, Mr. Barr, the Andy
00:06Barr variety for one minute.
00:09Thank you, Mr. Chairman.
00:11Welcome, Chairman Powell.
00:13Runaway inflation and increased interest rates necessary to confront it continue to hammer
00:17Americans and especially those living paycheck to paycheck.
00:21Workers and families feel the pain making everyday purchases at high prices in the grocery
00:25aisles and at the pump.
00:26They have suffered years of eroding purchasing power in their paychecks under the Biden
00:30administration's economic mismanagement.
00:33Heightened mortgage rates make it prohibitive for new homebuyers to reach the American dream
00:37of a starter home for their family.
00:38I am pleased that the Fed is resolute in getting inflation under control.
00:44I am pleased that you have committed to an apolitical approach to this.
00:48I am not pleased by the Fed's opaque, unjustified, politicized, and underanalyzed regulatory
00:53proposals, which will ultimately hurt all Americans.
00:56We need to know where the Fed is going on its fundamentally flawed Basel III endgame
01:00proposal and its opaque regulatory approach.
01:03I yield.