You want the big financial institutions to hold up a mirror and look at their behavior, because, you say, otherwise, we are not going to get a change.

I want to thank my friend, Senator Manchin, for our work together on trying to focus on the Fed.

I think you should have been investigating a whole lot earlier.

The message that is sent from the President to the Board, to the supervisors, is that financial regulation is secondary.

I often describe our Federal regulators as the cop on the beat.

You backed up when Goldman was unhappy.

I am sorry. Surely, you are not going to take the position, Mr. Dudley, that if most of the time most of what the Fed does is boring or even does its job, that it is OK every now and again to throw in 10 minutes of backing people off their…

Are they too big to manage? Are they too big to regulate? All important questions.

Thank you, Mr. Chairman.

Thank you, Mr. Chairman, and welcome, Ms. McFerran.

let's be clear, India is producing 40 percent of our generic drugs, and the FDA's supposedly burdensome oversight team in that entire country consists of 10 full-time employees.

One way that regulatory opponents often track FDA oversight is by looking at the number of warning letters that the agency sends out.