Fed transcripts for 2007.

Fed transcripts for 2007.

Fed's 2007 Transcripts Show Shift to Alarm

The Fed entered 2007 with interest-rate policies on hold and many officials comfortable about the economic outlook. By year-end, the U.S. was in recession ...
Fed Chairman Ben Bernanke ... was often behind the curve in his economic outlook. In January, for example, he projected that the "worst outcomes" for housing had become less likely. In May, he said he saw "good fundamental reasons to think that growth will be moderate."

I managed to locate the rest of said transcripts...