Patrick Toomey actually said...

"But just so that I understand, it is true that, as I understand it, there are these different subsets that will undergo different experiments."

"So to what extent is this unprecedented accommodative monetary policy for these many years now part of the reason that we have had relatively anemic growth today?"

"I got the impression from your predecessor that his view was that the principal effect was shifting the timing."

"My sense of the academic consensus is that the main effect of accommodative monetary policy is to induce economic activity that was going to occur later at an earlier time."