Jack Reed actually said...

But it strikes me, stepping back, that because of national policies, Federal Reserve policies, we have lowered the effective interest rates for banks dramatically.

Context

Reed discusses the impact of Federal Reserve policies on mortgage rates and fairness for borrowers.

10/27/2010

https://www.congress.gov...

More Jack Reed Quotes

I think what Admiral McCoy indicated was that the recent ships that have delivered have much fewer problems.
5/17/2011
You have learned a great deal. We've all learned a great deal.
5/17/2011
You're taking this and you're trying with Secretary Stackley to plug it into the design phase.
5/17/2011
It is appropriate that we consider this change very carefully.
5/17/2011

View All Jack Reed Quotes