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

Question for Nathan. In an earlier meeting, if I recall correctly, there was mention of the European banks’ exposure to emerging-market sovereign debt—a concern about the trend lines in that sovereign debt. Are you tracking that in any sense? My concern is that there could be another full-blown debt crisis of some kind coming. It is not covered in these charts, but do you have a sense of default risk on the part of emerging-market sovereigns?

Keyboard shortcuts

j previous speech k next speech