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

I support this statement. I would say, perhaps not unlike others, that if we had taken an action today, I would have been a little squeamish. But certainly I understand where the risks are and would have supported an easing. I think unbundling the risks is a very good idea. In my view, the second paragraph isn’t necessarily cast in stone but does give us some opportunity to be more communicative with the public as we move forward. So I’m very supportive of this. One thing I would request is that we think about the agenda for the June meeting sooner rather than later because in light of this statement and our discussion today that will be a real opportunity for us to do some very important planning and discussion.

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