Before the Greenspan era, the Open Market Committee voted as a body on each change in interest rates.
The issue will almost certainly be discussed by the Open Market Committee.
But the policy-setting Open Market Committee doesn't meet again until May 14.
"If the Open Market Committee tries to bring down rates now, it is likely we will revisit the 1970's."
No one really thinks the Fed's Open Market Committee will do anything when it meets this week.
By a 7-to-5 vote, the Open Market Committee agrees, despite misgivings that the recovery might be damaged.
And the next meeting of the central bank's policy-making Open Market Committee is only a week away.
The minutes of the Open Market Committee need to be released immediately.
The central bank's Open Market Committee began a two-day meeting today to set monetary targets for the balance of the year.
The Open Market Committee met again this week to discuss monetary policy.