When the Federal Open Market Committee (FOMC)votes on policy,it does so in the following order: the chair votes first,the vice chair votes second,and the remaining FOMC members vote based on their seniority at the Fed.

Question

Quizplus · Accepted Answer

The actual voting order for the FOMC is randomized to prevent any potential bias or influence based on the order of voting. This ensures that each member's vote is based on their own views rather than being influenced by the votes of those who precede them.

When the Federal Open Market Committee (FOMC)votes on Policy,it Does