Jack Reed actually said...

"I believe that President Biden has made two excellent choices, yourself and Governor Brainard."

"Well, thank you. I concur."

"Well, thank you very much. And one other aspect is that this is a novel, or at least a fairly recent, phenomenon and it requires a great deal of thought, analysis, and projecting as to what we should ..."

"a critical part of our economy is the ability of the Federal Reserve to control money supply."