But how about shaking hands with members of the Federal Open Market Committee?

In 2007, he is a voting member of the Federal Open Market Committee.

As expected, the minutes also indicated some disagreement within the Federal Open Market Committee over how much to cut rates.

After all, the Federal Open Market Committee meets every six weeks as a matter of course to review economic conditions and take action if necessary.

Still, they said, one increase should be expected at the meeting next month of the Federal Open Market Committee.

From 1983 to 1998 he was a staff economist for the Federal Open Market Committee.

This meeting of the Federal Open Market Committee will set monetary policy for the next six months.

Which brings analysts back to the interest rate increase by the Federal Open Market Committee.

The Federal Open Market Committee also meets the following week.

"Now we can all sit around and argue as to precisely when the Federal Open Market Committee will make its move."