Joseph Biden actually said...

"Put directly, at this moment both of both enormous potential and enormous uncertainty for our economy, we need stability and independence at the Federal Reserve."

"Some will no doubt question why I`m re-nominating Jay when he was a choice of a Republican predecessor? Why am I not picking a Democrat? Why am I -- why am I not picking fresh blood or taking the Fed ..."

"Some will no doubt question why I`m renominating Jay when he was the choice of a Republican predecessor. Why am I not picking a Democrat?"

"This is an issue the president stresses can come to $100 billion a year in terms of cost to the economy."