we are committed to a formal rulemaking process in the development of a domestic insurance capital standard.

I am certainly willing to work with you on that, but as your comment indicated, you recognize the importance of independence for regulatory agencies that we not be subject to executive branch review.

Every Fed Chair that I can remember has come and told Congress that this is a looming problem with serious economic consequences.

the trends in income, or disposable income for households, are one of the most important factors determining consumer spending.

If the Fed had been forced to follow such a rule in recent years, millions of Americans would have suffered unnecessary spells of joblessness over this period.

The Highway bill, as I understand it, will take a large share of our operating surplus, which is part of the Federal Reserve's capital, to pay for this bill and not allow us to build it up.

job growth has been pretty solid now for a number of years.

this legislation would severely damage the U.S. economy were it to become law.

this is an approach to monetary policy that severely threatens the independence of the Federal Reserve.

the consumer spending we are seeing is not largely being supported by taking on additional debt.

Many FOMC participants indicated in September that they anticipated, in light of their economic forecast at the time, that it would be appropriate to raise the target range for the Federal Funds Rate by the end of the year.