Elijah Cummings actually said...

"The Postal Service estimates that it can achieve $10 billion in cost savings without legislation, but it will require congressional action to realize the remaining $10 billion in savings."

"The Federal Reserve System was created in 1913 to 'provide the nation with a safer, more flexible, and more stable monetary and financial system.'"

"I thank Vice-Chairman Brady for calling this hearing to examine our nation's monetary policy and its effect on our economy."

"Collectively known as the Fed's dual mandate, these objectives are to 'promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.'"