51.   That afternoon, when lunch was over, they handed him an incomplete script and challenged him to get a bank president to finish it.

52.   That meant nudging all seven board members plus five regional Fed bank presidents who make up the rate-setting body.

53.   The bank presidents are appointed by the boards of the reserve banks.

54.   The choice of a bank president is not the only subject of dispute.

55.   The Fed bank president used the example of a retailer who sells out a popular item.

56.   The district bank presidents do not get a vote on whether to change the discount rate, which is set by the Federal Reserve Board in Washington.

57.   The former bank president has been a fugitive for four years.

58.   The other seven regional bank presidents, along with the Fed staff, take part in deliberations but do not vote.

59.   The other regional bank presidents take part in deliberations but do not vote.

60.   The presidents of the regional bank presidents are chosen by the Board of Governors.