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

I take Vice Chairman Geithner’s comments very seriously, but I want to raise just one thing because I would like it to get into the survey. We were offered one way of reflecting uncertainty regarding forecasts. There might be other ways—for example, alternative scenarios, qualitative discussions of risk, or that sort of thing—that seem to some of us preferable. If you can phrase a question that would draw out of us other ways in which we might like to characterize the risks around our forecast, I think that would be helpful because I, for one, find the range of distribution of errors kind of difficult.

Keyboard shortcuts

j previous speech k next speech