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

I think the subcommittee ought to consider whether, if the Committee adopts a 2 percent or whatever inflation objective, it might be more confusing than clarifying for us to also be issuing these long-range convergence projections. My first cut at thinking this through—I haven’t given this a lot of thought—is that, if we are going to say our target is X, I don’t see why we would even need these.

Keyboard shortcuts

j previous speech k next speech