I think it is something that could have a favorable impact if appropriately done.

Fiscal policy, we have long known, under current policy is on an unsustainable course.

We are constantly looking for vulnerabilities and recognize that risk can move outside the regulatory perimeter.

I do believe our stress tests and CCAR have very substantially strengthened especially the largest banking firms.

Congress set forth the mandate for monetary policy in the Federal Reserve Act, which directs the Federal Reserve Board to conduct monetary policy so as to promote maximum employment and stable prices.

The behavior that we saw was egregious and unacceptable.

I do not have that number at my----

It appears that the recent lower readings on inflation are partly the result of a few unusual reductions in certain categories of prices.

I do believe it is an important mandate that keeps us focused on the labor market and wanting to ensure strong performance.

I cannot give you a definite timetable for our reconsideration of this, but it is something where perhaps our regulations had an unintended consequence, and we are looking at that carefully.

I believe it is essential to maintain orderly liquidation.

We are very focused on trying to bring inflation up to our 2-percent objective.

It is important when we have a 2-percent inflation objective to make sure that we achieve it.

The implementation of it has been very complex and burdensome.

It is a risk. A significant amount of that is in China.

Both objectives of the dual mandate are important in promoting the economic well-being of the United States.

I do not believe that Glass-Steagall was responsible for the financial crisis.

We certainly consult with one another and try to make sure we meet regularly and discuss our policy approaches.