May 15 (UPI) -- Federal Trade Commission Chairman Andrew Ferguson said the agency will do more to promote economic activity and protect consumers than it did under the Biden administration.
The challenges before the FTC "are as formidable as ever," Ferguson told the House Appropriations Financial Services and General Government Subcommittee's FTC budget hearing on Thursday morning.
"Our resources have been spread thin by the previous administration's mismanagement," Ferguson said, but he "resolutely believes" in the FTC's mission.
The FTC chairman said the agency must undertake measures to address its resource constraints to ensure it operates as efficiently and effectively as possible while fulfilling its mission.
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