Which of the following is considered by experts to have relatively little power within the Federal Reserve?
A) The Board of Governors
B) The president of the New York Federal Reserve Bank
C) The economic staff of the Board of Governors
D) The Federal Advisory Council

Question

Quizplus · Accepted Answer

The Federal Advisory Council is made up of representatives from the banking industry and while it advises the Board of Governors, it does not have any actual decision-making power within the Federal Reserve. The other options listed, including the Board of Governors, the president of the New York Federal Reserve Bank, and the economic staff of the Board of Governors, all have significant power within the Fed.

Which of the Following Is Considered by Experts to Have