Patrick Toomey actually said...

I do not dispute the legal authority to do it. I am just--you know, as I say, it caught us by surprise.

I guess the question I would like to explore a little bit is: Given the unprecedented behavior of the Fed in recent years, what is normal?

It is my view that the Fed contributed to the financial crisis by virtue of monetary policy in the years preceding it.

I think we need to learn the lessons of the mistakes that have been made.