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

Well, the one other thing that I would note, as we pointed out in the Greenbook as well, is that the level of new orders has been running above the level of shipments, implying an increase in unfilled orders for some time now for the “all other” category. So, again, we take that to be a favorable sign. Shall we get started with the chart show now?

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