Janet Yellen actually said...

"I think we were monitoring housing prices very carefully and became concerned certainly by 2005 that there might well be a bubble in the housing market."

"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."