Which of the following describe the Federal Open Market Committee (the FOMC)? Check all that apply. The FOMC meets at least eight times a year in New York City The FOMC implements the nation's fiscal policy Only one regional Fed president has a permanent seat on the FOMC The FOMC meets at least eight times a year in Washington, D.C.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 struct of the Federal Reserve. Power position (From top to bottom) Level of power 1 Member Banks 3 4 Federal Reserve Banks The Congress Which of the following describe th ommittee (the FOMC)? Check all that apply. Board of Governors O The FOMC meets at lea ew York City The president The FOMC implements The Chair