It will help if I start with some basics. The FOMC consists of the 7 members of the Federal Reserve Board in Washington and 5 of the 12 presidents of the regional Federal Reserve Banks. All 12 presidents participate in FOMC meetings but only 5 get a vote, a roster that rotates each year.
Let us thank the hardworking members of FINEX for their undiminished commitment to this program with a round of applause. In this connection, I am looking forward to seeing FINEX work with our schools to make sure that ethical practices and social responsibility complete the education of our students.