Paul S. Sarbanes: “I mean, what is the purpose of this? I mean, from the point of view of the institution, it is a good deal, but what is…”

the very substantial, positive contribution that Gary Gensler has made in the Baltimore community through his civic involvement.

I think the best way to do it is to have a flexible exchange rate, and that will let the market work even more.

I mean, something's wrong with the set of policies we're pursuing, it seems to me, if we're going to have the kind of erosion in the trade balance that we have seen.

I am pleased to welcome Chairman Greenspan back before our Committee to testify on the Federal Reserve's Semi-Annual Monetary Policy Report to Congress.