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."

"Many economists indicate that that is a very wise investment, since for every dollar of benefits, you get roughly $1.60 in GDP growth."

"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 capacity and willingness of the Federal Reserve to actually protec..."

"Thank you, Mr. Chairman."