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

Is a postscript allowable, Mr. Chairman? Not to rebut, but I just want to make a point that there seems to be enough uneasiness about this hybrid statement that I’m uncomfortable with Vincent’s notion that we might have to wait until next January to talk about this. I wonder if we can’t find some way to get back to a fundamental discussion of the wording of our press statements because I suspect the issue we’re struggling with will be with us for a while. We’re going to have this problem meeting after meeting if we don’t tackle it in June or at least fairly quickly. So I would lobby for quick attention to it.

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