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

Thank you, Mr. Chairman. In the interest of time, I will be very brief. I support alternative B in substance and concur with its wording. I think we are in a delicate rhetorical balancing act at this stage, and as Brian described, the slightly greater emphasis on inflation is appropriate at this time. I think alternative B has substantially captured the current situations and concerns of the majority of the Committee, so I support alternative B.

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