"Any ratcheting up of sanctions must be coupled with aggressive diplomatic engagement by the United States."
"I am just feeling a little bit puzzled and confused because this hearing is talking about the supervisory responsibilities of the Fed."
"Let me really quickly address the bad idea of creating a distinction between monetary policy and supervisory functions of the Fed."
"I have to warn you to prepare yourself for a discussion on the dual mandate of the Fed, despite the title of this hearing."
"The central question that the Republicans will be asking here today is whether Congress should hamper the Federal Reserve's bank supervision authority."
"I think if the House, particularly Republicans, were interested in chipping away at the debt problem that Dr. Levy emphasized in his testimony they wouldn't be considering trillions of dollars of tax ..."
"This is just the most amazing opportunity of my lifetime to be able to sit and listen to people with the level of expertise that all of you have brought here today."
"Congress' failure to renew the payroll tax holiday took something like $120 billion out of the economy at a time when the recovery was still slow to take off."
"The latest CBO report says that 32 million people are going to be kicked off Medicaid."
"It is an oxymoron to say you are going to have a rule and then it is going to be flexible."
"How can you have any credibility about being pro-growth in our economy and then saying the Fed should stay out of it..."