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To: DoodleDawg

And the “members” of the Federal Open Market Committee are...

FEDERAL RESERVE GOVERNORS!

So, IMHO, a “distinction” without a “difference”.


18 posted on 07/25/2018 5:51:16 AM PDT by pfony1
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To: pfony1
And the “members” of the Federal Open Market Committee are...

FEDERAL RESERVE GOVERNORS!

Plus the president of the New York Fed and the presidents of four other Fed Banks. And unlike what the article says, none of the Fed bank presidents are presidential appointees.

Regardless of who appointed them, the members of the Fed board will tend to vote the way that they think is best. If they believe interest rates should go up then they'll vote that way.

19 posted on 07/25/2018 5:55:53 AM PDT by DoodleDawg
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