Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

Thank you. Well, in this less than two hours, we have covered intermeeting moves, policy strategy, assessment of the economy, and inflation dynamics. I think it has been pretty productive. Seriously, I very much appreciate it. I promise to try not to do this too often, but getting this intermeeting update has been very useful for me. I very much appreciate it. I think we are a little better prepared for the next meeting when it comes, although obviously, as President Poole pointed out, we will be seeing a lot of data and certainly there is no pre-commitment to any specific action. But I do think there is at least a reasonable amount of support for the idea that some insurance is worthwhile, and we should keep that in mind as we go forward. Are there any other comments? President Hoenig.

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