"The true definition of 'inflation' is when you increase the money supply."
"So you are saying, if you buy $300 billion worth of U.S. Government debt, that is not inflationary."
"Who suffers? The consumer, the people who lose their jobs, the poor people, the middle class."
"I would hate to think of a scenario in which CRA responsibility and duties don't continue to reside over on the regulatory side also."
"Inflation is a monetary issue and we just doubled the money supply in a short period of time."
"According to government statistics, but not according to the consumers. Private sources say that the consumer price index is much higher than what the government reports."
"I argue there is a real challenge to the consumer in two points. One, the consumer is always losing purchasing power."
"Right now, there is a big grass-roots effort by consumers, who are saying that the Congress has not fulfilled its responsibility in knowing exactly what the Federal Reserve does."
"I find it rather fascinating that we are talking about where the regulations will go, whether it is going to be in the Fed or a new agency."
"No other industry has that much power to select its regulators."
"This is an affront to the Constitution which will be exacerbated if we transfer more power to the Federal Reserve without mandating that all its Governors be appointees of those who are elected by the..."