Jack Reed actually said...

The labor market is very weak but the declines might be tempered a bit because of the availability of extended unemployment benefits.

I think what my colleagues have said is that despite the first step by the Federal Reserve, we have to be very, very sensitive to the capaci...

you have to move aggressively, clearly, and to start working.

there is an over-correction going on in the marketplace which argues very strenuously for decisive action, which I hope is forthcoming.