- We will be looking at incoming data and financial conditions to make a meeting-by-meeting judgement on interest rates
- Monetary policy decisions were well-telegraphed
- We need stronger rules on capital and liquidity for banks of $100B and up
- It's fair to ask if the supervisors of SVB could have been more aggressive
Barr is reiterating the Fed's line on rates here so it's nothing new. Think of Barr as a guaranteed vote for whatever Powell wants.
