"Thank you, Madam Chairwoman, and Director Thompson, welcome to your first appearance before the committee."
"one of the worst is when we come up with new giveaway subsidies for people who probably don't need it."
"It is this kind of unchecked spending that is pushing the housing market from boom to bust for the average American family."
"President Biden continues to deny that the so-called American Rescue Plan contributed to inflation, recently calling that idea, 'bizarre.'"
"Chair Powell, I hope you are hammering this message home with the Fed, as ordinary Americans see their paychecks eaten away under Democrat mismanagement of our economy."
"The lesson for the Fed is clear: It needs to focus on doing a limited number of jobs well and not get distracted by those who want it to be all things to all people."
"I would commend to the committee Secretary Yellen's statement, where she rejects the idea that corporate greed is to blame for inflation, and I concur."
"A year ago, President Biden tried to buy support by signing into law a $2-trillion stimulus bill."
"It is the Democrats' trillions in wasteful spending that resulted in higher grocery bills and soaring gas prices."
"I am confident that Chair Powell is taking this emergency seriously, and as I have said many times before, I think he is the right man for the job, and he is."
"As we face the worst inflation the country has seen in 4 decades, I am encouraged to have Mr. Powell leading our Central Bank, and I am hopeful that the Fed will rise to the occasion."