Janet Yellen actually said...

"we absolutely recognize in the Federal Reserve that the largest banks and those closer to $50 billion are quite different."

"I feel we have given detailed feedback and adequate information, and if we do not see the progress we expect, we are fully prepared to declare the living wills to be not credible."

"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."