I continue to be frustrated. It has been over a year now.

So it is on the front burner.

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 consumer spending would suggest a very modest increase to GDP.

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

My reading of Dodd-Frank Title X grants the CFPB authority to use rulemaking for this purpose.

So are you saying the bulletin just says that which is illegal is illegal?

So what does the bulletin do then? What is the purpose of the bulletin if it is not to provide any additional definition or clarification?

I offered a bill in the last Congress that would require the Department of Labor (DOL) to provide enhanced online resources to veterans searching for jobs.

Doesn't everything we ever learned in economics tell us that committees cannot figure out prices? Markets tell us what prices ought to be.

I would like to commend you for that. You have provided I think more transparency, more communication, and more guidance than the Fed has, to my knowledge, ever provided certainly in recent history and I do think that is constructive.

Which might suggest that the reason the market is where it is is because of the monetary policy rather than the underlying fundamentals.