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

It is interesting that, when you plot out all the other major forecasts and you look at the underlying elements of them and you look at GDP, inflation, and so forth, the Greenbook is really an outlier on the low side in terms of growth and the fed funds rate. Maybe you are right. You have been here before as an outlier from the rest of the mainstream forecasts. I wish I had a good sense of how all of that worked out.

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