Richard Shelby actually said...

The Federal Reserve faces, as all of you know, some of the greatest challenges it has ever confronted.

the Fed often seems more interested in seeking additional power and authority, even though it failed to use its current authorities in the r...

The economy is highly vulnerable and there is little clarity with respect to the best way forward.

I think there was quite a bit of misjudgment regarding asset quality, including the quality of mortgage-backed securities.