Jerome Powell actually said...

I do not know that there is a tradeoff, and I think, again--I do not want to look at the pre-crisis levels of liquidity as any kind of a ben...

I think every study does consider the question--every study I have seen--I have not read them all, but I have read a lot of them--every stud...

I cited that and referred to that in my testimony, so I do not think you can take any single piece of research as wholly dispositive.

This is our system, and I think the obligation is on us to play as a team and to collaborate.