On the recordNovember 18, 2015
I appreciate the chairman yielding to me on this. Exactly what you were talking about is the case. This is merely a benchmark guideline to measure against. In fact, in committee, when Chair Yellen was testifying in front of our committee, I suggested that, if they saw problems, that they would then put a floor or put a ceiling on any movement that could happen within that timeframe. I thought I gave a very helpful suggestion that we call it the Yellen rule at that point, and she can claim credit for doing exactly what is being discussed.
