Richard Shelby actually said...

"Some people believe that the Fed is running out of options. From what you just said, you believe you still have some options, depending on the circumstances."

"Judging by the minutes of the Fed's June Open Market Committee meeting and statements by Fed officials, uncertainty about the economic outlook has risen recently."

"The nominees for positions on the Federal Reserve Board, if approved, will face difficult and important decisions for the American economy."

"the Fed often seems more interested in seeking additional power and authority, even though it failed to use its current authorities in the run-up to the crisis."