hiː dɪdnˌɑːt dˈɪskaʊnt, haʊˈɛvɚ, ðə pˌɑːsəbˈɪlᵻɾi ðæt kˈɔstɹᵻdˈʌkʃən kʊd biː ɐn ɑːbdʒˈɛktɪv səfˈɪʃəntli ɪmpˈoːɹtənt tə dᵻnˈaɪ ɐ fˈɛɹ hˈɪɹɪŋ.
He did not discount, however, the possibility that cost-reduction could be an objective sufficiently important to deny a fair hearing.