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

I guess I’m worried about this for all of the considerations that President Hoenig and President Lacker have just been talking about. I don’t know where we draw the lines, and when we have to go to the State Department and start asking what countries we can or can’t develop swap lines with, I’m not sure those are the criteria we want to be using. We mentioned the countries already. What happens when 552 U.S.C. (b)(4)

? You can just go down the list.

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