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

Thank you, Mr. Chairman. I also agree with your analysis that there are some straws in the wind that suggest it might be wise to wait. I asked two rhetorical questions at the end of my earlier statement. The obvious answer to “If not us, then who?” is us. [Laughter] The more serious question of the two is, “If not now, then when?” I am supportive of what I think I heard you imply, which is that we have a two-day meeting coming up in June during which we can do lots of things and we also will have seen much more data by then. So I’m interpreting that—

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