Richard Shelby actually said...

"Will you furnish this to the subcommittee, since we were concerned about analysis of this memorandum of understanding?"

"The Fed's independence for monetary policy has always been premised on its remaining nonpartisan and not advocating for specific legislative measures."

"I believe when you say that you believe the Fed is most effective when it is nonpartisan, transparent, and accountable, I believe that is right."

"Since the Federal Reserve took unprecedented actions in response to the financial crisis, there has been a growing recognition that the Fed needs to become more transparent."