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

The behavior of construction that we are projecting is unusual, but the predicate is also unusual in that we did go through a mild recession but with substantially no attenuation in the pace of construction. So it is an unusual path that we followed to get here, and in our baseline forecast, it is an unusual path that we follow going forward.

Keyboard shortcuts

j previous speech k next speech