The Chairman or Chairlady or Fed Chair (a politically correct term) of the Federal Reserve Bank have the power to override the votes of the FOMC, They can independently carry out the monetary policy that they want as an individual. The FOMC is merely an advisory board to the Fed Chair. The FOMC has no real power, it's the Fed Chair (currently Jerome Powell) who has 100 percent of the power over U.S. monetary policy. True or False True False