Janet Yellen actually said...

"We are very committed to both parts of the dual mandate--price stability and maximum employment."

"Yes. I mean, we expect to report to you on the findings of these investigations, and if the need and suggestions for improvement are found, we expect to put those into effect."

"If the Fed were to raise rates too soon, Senator, we would risk undermining a recovery that is really just taking hold."

"Eventually debt-to-GDP will begin to rise and deficits will increase again as the population ages and Medicare, Medicaid, and Social Security get to be a larger share of GDP under current programs."