While the chair of the Federal Reserve Board has only one of 12 votes on the FOMC,

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While the chair of the Federal Reserve Board has only one of 12 votes on the FOMC, he is never in the minority. What gives him the power to control the committee?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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