Which of the following is not a permanent member of the FOMC?
A) The president of the New York Fed
B) The president of the Philadelphia Fed
C) The chairman of the board of governors
D) All of the above are permanent members of the FOMC.

Question

Quizplus · Accepted Answer

The permanent members of the Federal Open Market Committee (FOMC) include the chairman of the board of governors, the vice chairman of the board of governors, the president of the Federal Reserve Bank of New York, and the four other Federal Reserve Bank presidents who serve on a rotating basis. Therefore, choice B (the president of the Philadelphia Fed) is not a permanent member of the FOMC.

Which of the Following Is Not a Permanent Member of the FOMC