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

If there are no more questions, we’re ready for the economic go-around. For the benefit of our new member, the convention is that you raise one hand to be recognized and be put in the queue; if you have a comment or question, raise two hands for an intervention. I’ve noticed that there have not been a lot of two-handed interventions, particularly on one-day meetings, when we don’t have much time. It is perfectly sensible to take account of the time, and that is fine; but if you do have an important intervention, by all means, don’t hesitate. We start with President Poole.

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