Janet Yellen actually said...

"The first key challenge will be to improve our supervision particularly of the largest and most complex bank holding companies."

"I would hope that going forward, one thing we have learned from this crisis is there is a need for all of us in regulation to act in a timely way to take away the punch bowl and to require more string..."

"I agree with Chairman Bernanke that an increase in the long-run inflation objective to 4 percent would be a risky policy strategy."

"I am honored to appear before you as President Obama's nominee to serve as a member and Vice Chair of the Board of Governors of the Federal Reserve System."