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

Well, the resources are very limited. The other thing is that the staff asked for guidance on the limits here. I’d like to propose that, when we get to that point, to ask the voters to suggest how they stand and what qualifications they might have. One thing that you could do, for example, would be to say, “I do or do not support this, but if I do, I think a very sharp line should be drawn at this point and be communicated that way.” The legislative history can be part of this, and we can communicate to the staff how we feel about potential extensions.

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