I was a little surprised that you raised it, because it's not something one expects from the Fed, but that I'm very glad that you raised it, because I think it is something that will impact the economy to a degree that requires the kind of visibility that your testimony gave it.
Expressing appreciation for the Fed's comments on energy prices.
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We will not only lose the industry, we will lose the skills that go with it.
I think the outcry would be very, very strong. There is a huge conflict of interest here, and such an individual should not be included.
But just because you have the right to do it does not mean it is the right thing to do.
I can understand the impulse for a moratorium. I am not at all sure that a blanket moratorium as broad as this one will produce any higher degree of safety than a more targeted kind of thing.
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