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

Okay. So they’re giving up something. I have a second question I want to ask about inflation compensation. The chart you have in the front shows that inflation compensation has fallen at the front end. Yet in the Bluebook box on page 4, there’s a calculation done from the near-term maturing TIPS security showing that, from October/November ’06 to October/November ’07, inflation compensation has not changed much at all. Do you have a more-detailed sense about at what part of the curve inflation compensation has come down?

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