The Federal Open Market Committee (FOMC) is made up of: the chair of the Board o

Question

The Federal Open Market Committee (FOMC) is made up of: the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis.

Explanation / Answer

the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis.

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