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

In the extended Greenbook simulations that are presented in the Bluebook, we have real interest rates rising out to 2010. Consistent with the baseline of that extended forecast in the Bluebook, we would have by 2010 a target saving rate on the order of 6 percent. But that’s not what we should be thinking about for 2004-05.

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