Jack Reed actually said...

"the fiscal policy decisions being made are mismatched with the timing of the problem"

"if we could in the short run have a complementary policy, that would also add jobs rather than subtract them in the short run"

"From afar, it looks like their policies of austerity have not helped them grow at all, in fact, have complicated their economic situation."

"monetary policy is no panacea, is no cure all, and we do not have the ability--we can all disagree on how powerful these measures are"