Paul S. Sarbanes: “There has been an incredible deterioration in recent years in the U.S. trade deficit.”

Yes. Now, they have it pegged, right?

Marty, is this a great country or what?

Do you think they made that decision in order to sustain the currency position and gain a trade advantage from it?

I am pleased to welcome Chairman Greenspan back before our Committee to testify on the Federal Reserve's Semi-Annual Monetary Policy Report to Congress.