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

No, I agree with that. What B says is that this is the end of one regime and the beginning of another. The first one says that this is the end, and then we say what are we doing going forward. I think that clarity is needed. If we did what you’re suggesting, I don’t know for sure what would happen, but I think there would be a lot of commentary and questions: “What are they saying? What do they mean?” That would be much more than what B does. I understand your point. I thought hard about it, and I know that there was a mixture of views. Governor Duke.

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