For example, I recently testified at a hearing of the House Financial Services Committee on Republican-proposed legislation that would impose on the Fed greater limitations on both monetary policy and regulation. House Democrats oppose the bill and invited me to the hearing, where I explained that the proposed constraints would, in my view, greatly hamper the Fed’s effectiveness – including its ability to help the economy return to full employment and to prevent the financial system from spinning out of control again.
比如，最近我在众议院金融服务委员会的一次立法听证上做了陈词。这项立法有共和党提出，旨在更大地限制美联储的货币政策和监管权力。众议院民主党反对这一法案，邀请我出席作证。我在陈词中解释道，在我看来，该法案所提出的约束会极大地妨碍美联储的效率——包括其帮助经济回归充分就业和防止金融体系再次滑向失控的能力。