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

Thank you, Mr. Chairman. I also support the policy action and really have nothing to add in terms of its rationale. But in the statement there is really no reference to the coordinated and global nature of the action. I’m sure that’s purposeful. It does seem to me that we have an opportunity perhaps to reinforce the psychological power of this by referencing it. So my question is, Why not include some nod to that aspect, which in the minds of so many people seems to be the real power behind this decision? Thank you, Mr. Chairman.

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