A guide to the Federal Reserve’s board of directors
- July 19, 2019
- Gary Richardson, economics, via Marketplace, July 19, 2019
Not all power is equal across these regional boards. The board at the New York Fed, for example, gets to appoint a president who is a permanent member of the Federal Open Market Committee. “That has an influence over policy. The president of the New York Fed has got a special position in the Federal Reserve System, so that choice matters,” said Gary Richardson, an economics professor at the University of California, Irvine.
For the full story, please visit https://www.marketplace.org/2019/07/19/a-guide-to-the-federal-reserves-board-of-directors/.
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