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

The particular cases that I can imagine would be employment reports. If it takes five fewer business days—and that might be a little speedier than the staff can actually deliver—any cutting of those business days, particularly if it gets past that Friday, produces the chance that there would be another employment report between your policy decision and the release of the minutes. This also interacts with the Chairman’s testimony schedule, which is something we have to think about. Do you want to be in the position of having the minutes more likely to be out before his testimony, or would you prefer to have the minutes out after the testimony? I can imagine both benefits and costs associated with that.

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