Who among the following is not always a voting member of the FOMC?
A) the president of the New York Fed
B) the Chairman of the Board of Governors
C) a member of the Board of Governors other than the chair
D) the president of the Philadelphia Fed

Question

Quizplus · Accepted Answer

The president of the Philadelphia Fed is not always a voting member of the FOMC. Only the presidents of the Federal Reserve Banks rotate as voting members on the FOMC, with four serving at any given time. The president of the New York Fed is always a voting member, along with the Chairman of the Board of Governors and the other members of the Board of Governors.

Who Among the Following Is Not Always a Voting Member