Minutes of the Federal Open Market CommitteeDecember 11–12, 2012
A meeting of the Federal Open Market Committee washeld in the offices of the Board of Governors of theFederal Reserve System in Washington, D.C., on Tues-day, December 11, 2012, at 11:00 a.m. and continuedon Wednesday, December 12, 2012, at 8:30 a.m.PRESENT:Ben Bernanke, Chairman William C. Dudley, Vice ChairmanElizabeth Duke Jeffrey M. LackerDennis P. LockhartSandra Pianalto Jerome H. PowellSarah Bloom Raskin Jeremy C. SteinDaniel K. Tarullo John C. Williams Janet L. Yellen James Bullard, Christine Cumming, Charles L. Evans,Esther L. George, and Eric Rosengren, AlternateMembers of the Federal Open Market CommitteeRichard W. Fisher, Narayana Kocherlakota, andCharles I. Plosser, Presidents of the Federal Re-serve Banks of Dallas, Minneapolis, and Philadel-phia, respectively William B. English, Secretary and EconomistDeborah J. Danker, Deputy Secretary Matthew M. Luecke, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General CounselSteven B. Kamin, EconomistDavid W. Wilcox, EconomistDavid Altig, Thomas A. Connors, Michael P. Leahy, William Nelson, David Reifschneider, and William Wascher, Associate EconomistsSimon Potter, Manager, System Open Market AccountNellie Liang, Director, Office of Financial Stability Pol-icy and Research, Board of Governors Jon W. Faust, Special Advisor to the Board, Office of Board Members, Board of Governors James A. Clouse and Stephen A. Meyer, Deputy Direc-tors, Division of Monetary Affairs, Board of Gov-ernors; Maryann F. Hunter, Deputy Director, Divi-sion of Banking Supervision and Regulation, Boardof GovernorsLinda Robertson, Assistant to the Board, Office of Board Members, Board of GovernorsEllen E. Meade and Joyce K. Zickler, Senior Advisers,Division of Monetary Affairs, Board of GovernorsEric M. Engen, Thomas Laubach, and David E. Le-bow, Associate Directors, Division of Researchand Statistics, Board of Governors; Michael T. Ki-ley,¹ Associate Director, Office of Financial Stabil-ity Policy and Research, Board of Governors Joshua Gallin, Deputy Associate Director, Division of Research and Statistics, Board of Governors; JaneE. Ihrig, Deputy Associate Director, Division of Monetary Affairs, Board of Governors; Beth Anne Wilson, Deputy Associate Director, Division of In-ternational Finance, Board of GovernorsDavid H. Small, Project Manager, Division of Mone-tary Affairs, Board of Governors Jennifer E. Roush, Senior Economist, Division of Monetary Affairs, Board of GovernorsMarie Gooding, First Vice President, Federal ReserveBank of AtlantaLoretta J. Mester and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Phila-delphia and Chicago, respectively Troy Davig, Mark E. Schweitzer, Geoffrey Tootell,Christopher J. Waller, and Kei-Mu Yi, Senior VicePresidents, Federal Reserve Banks of Kansas City,Cleveland, Boston, St. Louis, and Minneapolis, re-spectively Mary Daly, Group Vice President, Federal ReserveBank of San Francisco _______________________
¹ Attended Tuesday’s session only.
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