FOMC voting rights
A)are given to all twelve regional bank presidents.
B)rotate among the twelve regional bank presidents.
C)rotate among the twelve regional bank presidents,except the president of the New York Fed,who always gets a vote.
D)are all given to the president of the New York Fed,since all of the Fed's bond sales and purchases are conducted at the New York Fed trading desk.

Question

FOMC voting rights
A)are given to all twelve regional bank presidents.
B)​rotate among the twelve regional bank presidents.
C)​rotate among the twelve regional bank presidents,except the president of the New York Fed,who always gets a vote.
D)​are all given to the president of the New York Fed,since all of the Fed's bond sales and purchases are conducted at the New York Fed trading desk.

Quizplus · Accepted Answer

The FOMC voting rights rotate among the twelve regional bank presidents, but the president of the New York Fed always has a vote due to the central role of the New York Fed in implementing monetary policy.

FOMC Voting Rights