Richard Shelby actually said...

But whatever we say or do policywise, or you implement the policy, if the market doesn't respond to it favorably, it is not going to work, is it?

Emphasizes the importance of market response to policy implementations.

07/15/2009

More Richard Shelby Quotes

The economic and financial climate has deteriorated significantly since our last monetary policy hearing in July of 2008.

a lot of us don't believe anything is too big to fail.

Are we going down the same road in a sense?

Do you believe, and I know you haven't been in the Fed that long, but do you believe that the Fed has adequately supervised our banks as a r...