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

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) always includes the president of the Federal Reserve Bank of New York as a voting member, reflecting the New York Fed's key role in monetary policy implementation and its close ties to financial markets.