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The representatives who sit on the Federal Open Market Committee are:
- seven members of the Federal Reserve Board
- five of the twelve Federal Reserve Bank presidents
- the remaining seven Federal Reserve Bank presidents serve one year terms on a rotating basis
- All Reserve Bank presidents who are not currently voting members of the committee, sit in on meetings and contribute to discussions.
See the link below for the minutes of the January 2012 FOMC meeting, which lists the attendees of that meeting.
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∙ 11y ago
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What is the person that sits in the office called at school?
Principal
Where the Speaker and Lord Speaker sit?
the speaker sits in the middle
Who sits on a joint committee?
Members of both houses of Congress sit on joint committees.
A city that sits below sea level on soggy ground?
New Orleans, Amsterdam as well I believe.
How long does Canada's parliament sit?
Parliament sits for 82 days which is 16 weeks and 2 days. From James H
What are the names of the members of the FOMC?
jake
What is the FOMC?
The monetary policy-making body within the Federal Reserve is the Federal Open Market Committee (FOMC). Its voting members are the seven governors of the board of governors and five presidents of the regional banks. The FOMC meets eight times per year.
The FOMC is responsible for?
buying and selling U.S. securities
If the FOMC purchases government securities credit is stimulated?
Yes
What is the Federal Reserves chief body for monetary policy?
FOMC
Who sets prime rate?
the Federal Open Market Committee (FOMC),
Which fed entity issues the nation's monetary policy directive?
FOMC
How many members of the FOMC may vote at one meeting?
7
What is the Federal Open Market Committee (FOMC)?
The branch of the federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents.
Who are the members of the Federal open market committee?
The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.
If the fomc purchases government securities credit is stimulated . true or false?
True
Who are the members of the Federal Reserve Open Market Committee?
The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.
