Janet Yellen actually said...

"Now, the Fed contends that its policy of quantitative easing does not present a serious inflation risk."

"I sent a letter along with Sen. Johanns in July of 2012 to President Obama calling attention to this statutory requirement."

"I believe guidance came out in 2006, I believe it was, to the supervisors and to banks stating essentially that banks with high exposures needed to carefully manage risks around these exposures."

"I strongly support the Fed's dual mandate and pay close attention to both inflation and employment at all times."