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Texas people are very open, because it's open.

It's a technical, fairly difficult job that has no particular political connotations, so I doubt there are any big campaign contributors dying to be on the Fed. And remember, it doesn't pay very well, certainly by Republican standards.

The Fed's independence is critical.

The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

I'm a strong-and-stable-dollar advocate, and the Fed has been moving dangerously away from that mission.

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.

To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the Fed because this is such a competent, professional and well-respected organization.

There's no other job in public life that is like chairman of the Fed.

This bill, the Sound Dollar Act, is all about looking forward about the role the Fed should play.