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| | 07-23-2004 - Chicago Fed President Visits Warsaw |
 | | And Thursday, Michael H. Moskow, president of the Federal Reserve Bank of Chicago, was in Warsaw on a kind of information-gathering mission. |
 | | As president and chief executive officer of the Chicago Fed, Moskow is a member of the Federal Open Market Committee, which watches over the U.S. economy and decides, for example, when to raise or lower interest rates. |
 | | The FOMC is made up of the 12 Reserve Bank presidents and seven members of the board of governors in Washington, D.C. That committee, by statute, is required to set the monetary policy for the nation. |
| www.timeswrsw.com /N0723040.HTM (827 words) |
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