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

I’m sure there is a disparity between the two. I do not know of any way to break that out clearly. One factor—the weakness of the dollar versus the euro—is definitely helping to boost corporate earnings. A disproportionate share of U.S. foreign activity is Europe- oriented, so it’s a bigger share than would be suggested by the European share of global GDP. That factor is definitely helping to support our earnings. I have never seen any data on that. We’ll look into it to see if there’s anything, but I’m not hopeful.

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