The president of which of the following district banks of the Federal Reserve System is always on the FOMC?

Question

Quizplus · Accepted Answer

The president of the New York district bank is always on the FOMC as the New York district bank is considered the most important and influential due to its proximity to Wall Street and the concentration of financial institutions in the region. While the presidents of the other district banks do rotate on and off the FOMC, the New York district bank president is a permanent member.

The President of Which of the Following District Banks of the Federal