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

Could I ask just a quick second question, which is totally different? I think I read a statement that we were getting diminishing returns on the previous tightening initiatives we took, but I may have read that incorrectly. Is that correct—now that we have a sense of the lag that we talked about before? Are we running the course of our previous tightening measures, which are having less effect on the economy?

Keyboard shortcuts

j previous speech k next speech