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

Both alternative A and alternative B talk in section 2 about something happening that’s greater than anticipated. I really have some trouble with the words “than anticipated”—anticipated by whom and about what? I recognize that the distinction between A and B and C is that C doesn’t emphasize as much a diminution in the recent pace of growth. So that’s fine. But if you take the words “more” and “than anticipated” out of both sentences, you could make the same point for each one. I’m not looking at the appropriate Christmas-colored adaptation of this. [Laughter]

Keyboard shortcuts

j previous speech k next speech