Are you sure it doesn’t go something like this … ?

phone confab, June 28, 2004, day before Fed meeting…



Poole: Whaddya think, Janet?

Yellen: Dunno, Bill.

Poole: We gotta make it sound like we care about inflation…

Pianalto (interrupting): What do you guys care? Big Al’s gonna make the call.

Poole: Aww, he’s into that "legacy" thing now. Ya know, barely eighteen months left. Keep the pedal to the metal and let the next poor chump deal with the mess…

Poole (continuing): … By the way, Ed, did you get your script yet?

Gramlich: Yeah, Dick sent it over yesterday. Don said Karl hadn’t sent his yet, though …

Pianalto: Talk about livin’ on the edge! You’d think it’d occur to these guys that somebody’s gonna be readin’ this stuff on the Internet one of these days … probably well before they’re six feet under, too…

Poole: ... Say ... anybody heard from Ben???