Exact(8)
The European Central Bank sets interest rates (Thursday).
Mr. Santomero was a voting member this year on the committee that sets interest rates.
The council sets interest rates for the eurozone and its 331 million people.
Markets don't like it when the man who sets interest rates says he doesn't understand them.
The European Central Bank sets interest rates for Europe as a whole.
But the government now plans to overhaul the monetary council, which sets interest rates.
It affects how the Federal Reserve sets interest rates and how the Internal Revenue Service adjusts tax brackets.
Neither Mr. Lockhart nor Ms. Yellen are currently voting members of the Federal Open Market Committee, which sets interest rates.
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