Which of the following statements about the Fed is correct? Question content area bottom Part 1 A. The Board of Governors of the Federal Reserve System is located in New York City. B. The Board of Governors has seven members, including the directors of the regional Federal Reserve Banks and the President of the United States. C. The Federal Reserve Bank of Chicago occupies a special place in the Federal Reserve System because it implements some of the Fed's most important policy decisions. D. The FOMC meets approximately every six weeks to review the state of the economy