Robert Menendez actually said...

"I think it will be less costly. We will begin to see the recovery a lot sooner."

"I commend your conduct of monetary policy during your tenure."

"I am reminded of the Fed's failure to implement the law Congress passed in 1994 to protect consumers and regulate mortgage lending practices."

"But for all the successes the Fed has had in carrying out its core mission--monetary policy--its regulation and consumer protection missions have been abject failures, in my view."