Fed's Santomero on the evolving role of the FOMC

In the speech 'The evolving role of the FOMC: An insider's perspective on monetary policy' given on 17 October Anthony Santomero of the Federal Reserve Bank of Philadelphia said the transition to a new Federal Reserve chairman will be a smooth one.

"I am confident that the passing of the torch from Chairman (Alan) Greenspan to his successor will be smooth and seamless," Santomero said in a lecture to the North Carolina State College of Management on how the Federal Open Market Committee (FOMC)

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