Poole on the role of Federal Reserve Banks

In the speech 'The role of Federal Reserve Banks in the Federal Reserve System' given on 30 March William Poole of the Federal Reserve Bank of St. Louis said as for the FOMC meetings themselves, the mystique created by the media is a tad overblown.

"The responsibility is great, the surroundings are intimidating-we meet in a 56-foot-long boardroom with a half-ton chandelier hanging over our heads. The brainpower assembled in the room is impressive. But, other than the real-time anecdotal

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