The effect on the national economy should be transitory.
There is a great deal of uncertainty...(we) need to watch carefully.
Consumer confidence is often reacting to events, ... I think the consumer, as we deal with this crisis, will come back and I think we will see those indices hold or move up.
When you see all three coming together you must be alert, ... The mission of the Fed is to be sensitive to these pressures.
We're very close to where we need to be. And now we're in that range, it's more difficult. And that's what we mean when we say we're data dependent.