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

Let me say just a couple of quick things. One is that this would require renegotiating the whole thing from the beginning, and we would like, if possible, to do this tomorrow with the IMF. The second point I would make is that we do have considerable security, and we will be dispensing this—under strict conditions—in limited tranches. I think we could monitor pretty well what was going on. But the point is well taken. President Plosser.

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