Unlocking the Secrets of the Temple: An Analysis of the Politics of the FOMC.

A conference paper about monetary policies of the U.S. Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is presented. It discusses dispute over the degree of politicization of the Fed's monetary policy, and board members of the Committee including the Board of Governors, the president of the Federal Reserve Bank of New York and four other Reserve Bank presidents. It examines the effects of global financial crisis on the Fed.