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Federal Open Market Committee
December 31, 2008
Members
- Ben S. Bernanke, Chairman, Board of Governors
- Timothy F. Geithner, Vice Chairman, President, Federal Reserve Bank of New York
- Elizabeth A. Duke, Board of Governors
- Richard W. Fisher, President, Federal Reserve Bank of Dallas
- Donald L. Kohn, Board of Governors
- Randall S. Kroszner, Board of Governors
- Sandra Pianalto, President, Federal Reserve Bank of Cleveland
- Charles I. Plosser, President, Federal Reserve Bank of Philadelphia
- Gary H. Stern, President, Federal Reserve Bank of Minneapolis
- Kevin M. Warsh, Board of Governors
Alternate Members
- Christine M. Cumming, First Vice President, Federal Reserve Bank of New York
- Charles L. Evans, President, Federal Reserve Bank of Chicago
- Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond
- Dennis P. Lockhart, President, Federal Reserve Bank of Atlanta
- Janet L. Yellen, President, Federal Reserve Bank of San Francisco
Officers
- Brian F. Madigan, Secretary and Economist
- Deborah J. Danker, Deputy Secretary
- Michelle A. Smith, Assistant Secretary
- David W. Skidmore, Assistant Secretary
- Scott G. Alvarez, General Counsel
- Thomas C. Baxter, Jr., Deputy General Counsel
- Richard M. Ashton, Assistant General Counsel
- D. Nathan Sheets, Economist
- David J. Stockton, Economist
- Thomas A. Connors, Associate Economist
- William B. English, Associate Economist
- Steven B. Kamin, Associate Economist
- Loretta J. Mester, Associate Economist
- Arthur J. Rolnick, Associate Economist
- Harvey Rosenblum, Associate Economist
- Lawrence Slifman, Associate Economist
- Mark S. Sniderman, Associate Economist
- Joseph S. Tracy, Associate Economist
- David W. Wilcox, Associate Economist
- William C. Dudley, Manager, System Open Market Account
The Federal Open Market Committee is made up of the seven members of the Board of Governors; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. During 2008 the Federal Open Market Committee held eight regularly scheduled meetings and six conference calls (see "Minutes of Federal Open Market Committee Meetings" in this volume).