Frank Lucas: “This is clearly a very important issue and the gentleman has made great headway on it. Thank you for those efforts. Of…”

The fact is the inflation is still running above the Fed's 2-percent target.

You have reiterated how Members of the Board would like to see a revised Basel proposal put out for public comment.

I have no further requests for time, and I am prepared to close once the gentlewoman from California closes.

The CFTC's enforcement authority has been a closely watched issue during the past several years.