To: Libloather
Aren’t the rate changes decided by a board of 10 governors who vote on it? Isn’t the chairman only one vote? What about the other 9?
9 posted on
12/22/2018 4:32:37 AM PST by
GoldenPup
To: GoldenPup
Aren’t the rate changes decided by a board of 10 governors who vote on it? Isn’t the chairman only one vote? What about the other 9? Five members of the Fed Board of Governors since there are two vacancies. The head of the New York Fed. And the head of four other Fed banks on a rotating basis. And you're right. Powell is only one vote on the FOMC.
To: GoldenPup
44 posted on
12/22/2018 6:32:54 AM PST by
dynoman
(Objectivity is the essence of intelligence. - Marilyn vos Savant)
To: GoldenPup
Trump has appointed four of the seven so far, two seats are open.
46 posted on
12/22/2018 6:34:12 AM PST by
dynoman
(Objectivity is the essence of intelligence. - Marilyn vos Savant)
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