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

Well, again, it’s just something I’m interested in. It’s not unimportant, but I have a more important question. Karen, I noticed last week that the International Monetary Fund forecasts global economic growth, non-U.S. growth, of around 5 percent. Our number is 3¼ percent. What is the difference between us? If we’re underestimating, what would be the policy implications?

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