A View of the Federal Open Market Committee

This is probably too much from one blog in a single day (a single hour even!) but this account of the substantive and not so substantive activities at a meeting of the Federal Open Market Committee is fascinating.

From Economix in today’s New York Times

Economix: Come With Me to the F.O.M.C.: A Sneak Peak Into Fed Life
Published: October 29, 2008
An economist writes about what it was like to be a member of the Federal Open Market Committee and set monetary policy.

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