I believe that the way we are setting it is legal and consistent with the Act.
I consider a 12 basis point difference to be really quite small and in line with the general level of interest rates.
Different countries have different systems for dealing with health care and financing it.
Because there is public interest in what would happen under such a scenario.
My interpretation is that it is legal.
I do believe we have the legal authority to do it.
These tax arrangements do have impacts on the profitability of various business activities.
I think it is widely agreed that there could be constructive changes to the corporate tax system.
It is very unlikely that the Fed would end up with negative income.
I do not think stress testing our balance sheet is something that is necessary.
I believe that diversity is extremely important in all parts of the Federal Reserve.