By extension then, the key commodity is information that drives decisions across various options. It is important that reforms are put in place and safeguards continuously updated to uphold the integrity of that information so that it is not abused.
However, the Committee itself consists only of the governors, the president of the Federal Reserve Bank of New York and a group of four other presidents that rotates annually. Right now, that last group consists of the presidents from the Minneapolis, Philadelphia, Dallas and Chicago Federal Reserve Banks.