08/04/2009
https://www.congress.gov...
"Again, I think one of the things we tried to attempt in Dodd-Frank was to clarify the position of the President of the Federal Reserve Bank..."
"If we lose that competition, then our fundamental sort of foundation of national security will quickly erode."
"We have already made $1 trillion in cuts to discretionary spending as a way to begin to approach the deficit."
"States are also trying to deal with this dilemma."