3. Current structure of the Fed In the following table, use the selection menu to arrange the levels of power according to their positions in the power pyramid illustrating the structure of the Federal Reserve. Power position Level of power (From top to bottom) 1 2 3 4Which of the following describe the Federal Open Market Committee (the FOMC)? Check all that apply. Only one regional Fed president has a permanent seat on the FOMC The FOMC is run by the chair of the Fed The FOMC meets at least eight times a year in Washington, D.C. The FOMC meets monthly in Washington, D.C