The Federal Open Market Committee
A) always includes the president of the Federal Reserve Bank of New York as a member.
B) does not include any members of the Board of Governors.
C) meets weekly to set Fed policy.
D) has 7 voting members.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) always includes the president of the Federal Reserve Bank of New York as a member due to its central role in the implementation of monetary policy.