Question
Which of the following does not explain why it is unlikely that the policy recommendation put forth by the chairman of the Board of Governors
Which of the following does not explain why it is unlikely that the policy recommendation put forth by the chairman of the Board of Governors would ever be voted down by the rest of the FOMC?
A. The chairman selects the staff for research and analysis purposes, which effectively allows the chairman to present data that would support his or her policy recommendations.
B. The chairman is the spokesperson for the Fed and negotiates with Congress and the president.
C. The chairman sets the agenda of FOMC meetings.
D. The chairman always has the final vote when making monetary policy decisions.
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