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

Of course. They can always have their markup, but you can also reverse the argument and say, so why do you want to cut rates? Again, I think we’re pushing on a string here, Mr. Chairman. Forgive me for speaking, but the guts of what we’re doing and the importance of what we’re doing, which I fully support, are in paragraph 4, and I believe we’re distracting from that by focusing on the fed funds rate.

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