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

I am just curious. The third quarter will be over in ten days. Given the data that we have already seen, what would you estimate is the range of standard deviation around the current running estimate? If you are looking at the third quarter, which is over shortly, we have seen at most two-thirds of the data we are going to see. What is the approximate range of error would you say in terms of estimating the current quarter?

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