Claire Jones

Chief among them is the administration's criminal probe into Jay Powell.

Tom Tillis, who's one of the Republican senators on the banking committee, has said he won't allow Walsh to move forward to the Senate floor until the probe against Powell is dropped.

There's no signs from the White House or from the Department of Justice that that's going to happen anytime soon.

Having said that, once the probe does go away, you know, his hearing was very confident.

He's clearly got a lot of relevant experience.

And the sense you get is that eventually he is going to get a majority in the Senate and he is going to be confirmed as the next Fed chair.

But there's still a way to go.

Thanks, Mark.

Thanks a lot.

Thanks a lot for the opportunity to ask the question and for making time to do this today.

You mentioned at the Economic Club of Minnesota yesterday that this is costing U.S.

taxpayers $600 billion in fraud.

What's your kind of

baseline targets for how much you expect to recover with the sorts of measures that you've announced today?

And do you have any sorts of timeline to really close this rather substantial gap in what the US taxpayer should or to be receiving?