Paul S. Sarbanes: “Well, I have to say to you that it defies understanding, given what was out there on the record.”

Do you think they made that decision in order to sustain the currency position and gain a trade advantage from it?

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

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