The market has a high degree of confidence the Fed will avoid

How long it takes to unwind from all of that, I don't know, but it ought not to be viewed as an objective of monetary policy to try to stabilize price fluctuations of that sort,

I doubt that the transcript would be a very satisfactory communication vehicle.

I, myself, am not looking beyond one meeting because I think that we are close enough to the region that is equilibrium.

I have no doubt that both the FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem.

I have no doubt that both the (policy-setting) FOMC (Federal Open Market Committee) and the market would respond to surprises in core inflation that seem likely to persist and to indicate a developing inflation problem,

Indeed, Netscape's continued success in distributing millions of copies of Navigator over the Web belies any assertion that this distribution channel has in any sense been foreclosed to Netscape.

It will be in the interest of future Fed chairmen to commit to pursue policy regularities that work well,

It is quite clear that the markets understand Fed policy to a much better extent than before.

At a minimum, the (Fed's policy panel) can and should aspire to policy statements that are clear and do not themselves create uncertainty and ambiguity,