Dallas Fed Fisher changed his vote on crisis interest rates after an unrecorded lunch break

Federal Reserve Bank of Dallas President Richard Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee at the height of the financial crisis—only to reverse his vote after an unrecorded lunch break according to a heavily redacted transcript of Fed documents released Monday afternoon. Here are some examples of motions that Fisher voted no:

p. 133

“The Federal Open Market Committee seeks monetary and financial conditions that will

foster price stability and promote sustainable growth in output. To further its long-run objectives,

the Committee in the immediate future seeks conditions in reserve markets consistent with reducing

the federal funds rate to an average of around 3 percent.”

Chairman Bernanke Yes

Vice Chairman Geithner Yes

President Fisher No

Governor Kohn Yes

Governor Kroszner Yes

Governor Mishkin Yes

President Pianalto Yes

President Plosser Yes

President Stern Yes

Governor Warsh Yes

CHAIRMAN BERNANKE. Thank you very much. We’ll take just a very quick recess for

the Governors to meet, and then we’ll come back for our presentation.

[Meeting recessed]

p. 156

“The Federal Open Market Committee seeks monetary and financial conditions that will

foster price stability and promote sustainable growth in output. To further its long-run

objectives, the Committee in the immediate future seeks conditions in reserve markets consistent

with reducing the federal funds rate to an average of around 2¼ percent.”

Chairman Bernanke Yes

Vice Chairman Geithner Yes

President Fisher No

Governor Kohn Yes

Governor Kroszner Yes

Governor Mishkin Yes

President Pianalto Yes

President Plosser No

President Stern Yes

Governor Warsh Yes

CHAIRMAN BERNANKE. Thank you. We are going to recess for the discount rate.

p. 253

[Redacted]

Chairman Bernanke Yes

First Vice President Cumming Yes

Governor Duke Yes

President Fisher No

Governor Kohn Yes

Governor Kroszner Yes

President Pianalto Yes

President Stern Yes

 Governor Warsh Yes

 CHAIRMAN BERNANKE. Thank you. Could we bring lunch back? Would that work?

 MS. DANKER. That doesn’t usually work well in a recorded session.

 CHAIRMAN BERNANKE. That doesn’t work well? All right. Let’s have half an hour for lunch.

MR. MADIGAN. The Board meeting, Mr. Chairman.

On p. 254 Fisher changed his vote:

CHAIRMAN BERNANKE. The Board meeting is adjourned. Hold on. The Board will go into my office. Everyone else, lunch. We will take a half hour break, and then we have just a few short items afterwards to complete. Okay? Thank you.

[Lunch break]

 CHAIRMAN BERNANKE. Let’s reconvene briefly for a couple of other items. On consideration, in order to maintain a united front with the Committee, President Fisher changed his vote to vote “yes” on the resolution

Two questions: 1. What did Bernanke say to Fisher for him to change his vote? 2. What was the vote on that was redacted that Fisher voted no on? 3. Why wasn't the conversation with the board in Bernanke's office recorded?