Martin O'Malley
Democrat

Martin O'Malley's policies onGovernment

Require the president of the New York Fed to be a presidential appointee

The President of the New York Fed is the second most powerful member of the Fed. They serve as a permanent member and vice president of the Federal Open Market Committee, which establishes the Fed’s monetary policy, and oversee the largest reserve bank in terms of asset and volume of activity. Currently, the president is appointed by the regional bank’s board of directors.

Found an error or want to make a contribution?