Patrick Toomey actually said...

I am concerned that the operational challenges and potential remaining tax consequences of this would create a huge disincentive for firms, ...

Accommodative policy can accelerate, can move forward economic activity, might not increase economic activity in total.

Thank you, Mr. Chairman, and I, too, want to thank Chairman Bernanke not just for being with us today but also for his years of service.

I think the suggestion has been that conventional understanding of the transmission mechanism of the increase in household net worth to cons...