So I think this is a good time to give you an update of our thinking on this issue. It is true that until now we have resisted publishing such accounts.
One reason was that we felt that offering even more information on our policy deliberations, in addition to what was already being provided, for example, by the President’s press conferences, would come at the expense of clarity. In technical jargon, it would diminish, rather than increase, the “signalto-noise ratio”.