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Why Is the President of the New York Fed Always

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Why is the president of the New York Fed always a voting member of the FOMC?


Definitions:

Expiration

Act of expelling air from the lungs; exhalation.

Inspiration

The process of being mentally stimulated to do or feel something, especially something creative.

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place, crucial for the respiratory process.

Gas Exchange

The biological process through which gases (such as oxygen and carbon dioxide) move between the environment and the bloodstream, typically through the lungs or gills.

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