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Q: RE Jackson Hole speech?
- A: There's nothing I can say about Jackson Hole. We're in the process of writing that speech. I am going to give a speech. I wouldn't want to say what it will be in there at this point.
Q: Are low rates doing more harm than good (to savers etc)?
- A: It was a commitment to continue asset purchases that provided strong support for the economy and has been a part of the story for why the economy is so strong right now.
- We said we would taper when we achieved substantial further progress and we're going to honor that commitment. We're talking about it right now, meeting by meeting. We will taper when we reach that goal. We'll provide more clarity on that as we go.