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

May I make a comment? I think the general Street talk in New York is that, since the Mexicans have been the most vehemently opposed to CACs, their going first was rather statesmanlike—especially since they didn’t pay anything for including the CAC. The Brazilians went next, but there’s a big question as to whether less high quality borrowers would not have to pay a premium for the CAC. I think the real answer is that we don’t know yet, though it’s clearly the question.

Keyboard shortcuts

j previous speech k next speech