"As we sit here today, inflation is at a 41-year high of 9.1 percent."
"Thank you, Madam Chair. And thank you for convening the Committee meeting this morning."
"Later today, the Federal Reserve will announce its next interest rate hike."
"This elevated rate did not happen out of the blue. It has been rapidly rising for the last year."
"These highs are impacting all Americans and all small businesses."
"For instance, the latest number that I saw yesterday was $8,600 is what it is costing more for people to live this year than last year."
"And the administration can deny the recession all they want but the bottom line is that American families are feeling the impact right now of this economic misery."
"It is interesting that they are trying to redefine recession before the numbers come out which tells you they know where the numbers are going to be."
"Despite being legally required to testify before this Committee last year and twice this year, Treasury Secretary Yellen is a no-show."
"As a capitalist and entrepreneur, you were able to take advantage of the economic freedom this country presents and start your own business and do well with it."
"I have got some of my constituents who are working to try to get that done because there apparently is not any flexibility in theirs."