How many people (including economists, advisers, etc.) attend the Federal Open Market Committee (FOMC) meetings?
The Federal Open Market Committee (FOMC) consists of the members of the Board of Governors of the Federal Reserve System and five voting Reserve Bank presidents. The president of the New York Fed always has a vote, and four other voting Reserve Bank presidents rotate among the remaining Federal Reserve districts. However, all Federal Reserve Bank presidents are represented at the meeting and provide reports about the economic conditions in their districts. In addition to the FOMC members and the nonvoting presidents, policy advisers are also present at the meetings. While the number of participants at the FOMC meetings varies, typically 60–65 individuals are present. The FOMC meeting minutes, which are posted approximately two weeks following a meeting, provide the names of all individuals who were present.
