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

I would just comment—and I think that your point is a good one—as we go forward, we are going to be thinking hard about how to influence expectations. Absolutely. Your point is also right, as we discussed earlier, about why we need additional policies besides our zero rate policy, either other kinds of quantitative policies that are obviously linked to base movements or fiscal or other policies as well. So I don’t think there is that much disagreement on the analysis.

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