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4 votes
All but one president of the regional Reserve Banks rotates a voting position on the Federal Open Market Committee (FOMC). Which president has permanent voting privileges?

1 Answer

3 votes

The regional reserve banks has a rotating policy when it comes to voting position, but the New York president of Federal Open Market Committee, or the FOMC, was able to have a permanent voting privileged. This is a good thing since the president has the power to veto the bills.

answered
User Anatolii Gabuza
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