I think that if you said that--now, there is an alternative in terms of the regional presidents, which would have them Senate-confirmed, I think that might be worse.

I wouldn't say 'sinister.' I don't think the people on the Federal Reserve regional boards... are people of good will, but it has an obvious bias.

I agree, but not by keeping interest rates in general down, but by explicitly refusing to follow the mandate this Congress gave the Federal Reserve in 1994 in the Home Ownership and Equity Protection Act.

But let me just say, I think that is especially the case with regard to military activity. In my 32 years here, when I have seen, I said, get involved in military activity without congressional authorization, it has been not been so much…

I think the role of the Federal Government, is the Federal Reserve has been working with the European Central Bank, has been helpful in avoiding the kind of serious downturns in Europe.

The Federal Reserve cannot do a great deal more. I think they have been very helpful.

The regional Federal bank presidents are picked by bankers. It is an extraordinary power that the FOMC has, and I think everyone agrees.

I think that has reflected well on what they have done and again, suggestions that there was something untoward going on haven't been proven true.

It is with this in mind that we are trying to enlist support for an event unprecedented in American history.

We owe so much not only to our courageous Iraq and Afghanistan veterans but also to our Vietnam veterans and our aging Korean and World War II veterans.

This bill would establish a Veteran's Day Moment of Silence.