Thanks to Jim Mahar at Financeprofessor.Com for finding this article on what really happens at the Federal Open Market Committee meeting. It's a good look at how the meetings actually go -from a talk at U of Tennessee-Martin by Fed Governor Susan Schmidt Bias. For the full talk, go to this link.
If you teach markets or money and banking, it's an easy read - well written and chock full of real-world stuff.
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