If that were to happen, a third of
FOMC voting members would be Trump appointees.
Not exact matches
And so while Kocherlakota's thoughts on monetary policy are important to note, he does not have the same kind of impact on monetary policy that
voting FOMC members like New York Fed president Bill Dudley, Chicago Fed president Charles Evans, and of course Fed chair Janet Yellen.
The Fed does a bit better when it comes to gender balance — Chair Janet Yellen is a woman, as are three other
voting FOMC members.
Together, they form the 12 -
member FOMC, though presidents of districts other than New York only get a rotating policy
vote, and thus considerably less say over interest rate policy.
Kansas City Fed president Thomas Hoenig, a
voting member of the Federal Open Market Committee (
FOMC), dissented from the action, saying that the risks entailed in the purchases were greater than the potential benefits to the economy.
Mester is a
voting member of the
FOMC.
When the Federal Open Market Committee (
FOMC) meets in Washington next week, its
members are widely expected to
vote to raise interest rates for the first time since June 2006.
But more importantly, today brings us the Federal Open Market Committee meeting announcement with its policy decisions and brief comments on the
FOMC's view of the economy and how
FOMC members voted.
The markets viewed it all as continued monetary lenience, and given the composition of
voting members on the
FOMC, that should come as no surprise at all.
The
voting members of the
FOMC are the Board of Governors, the president of the Federal Reserve Bank of New York and presidents of four other Reserve Banks, who serve on a rotating basis.
If there's enough financial market turmoil,
voting members of the central bank's Open Market Committee (
FOMC) may announce new quantitative easing measures in what will be dubbed by the media as «QE4.»
All of the Reserve Bank presidents, including those who are not
voting members, attend
FOMC meetings, participate in the discussions, and contribute to the assessment of the economy and policy options.
All
FOMC members voted in favor of this decision.