Search Results for keywords:"Vice Chair"

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Search Results: keywords:"Vice Chair"

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  • 2021-04039 — Federal Open Market Committee; Rules of Procedure
    Type:Rule
    Citation:86 FR 11622
    Reading Time:about a minute or two

    The Federal Open Market Committee has updated its internal rules to use gender-neutral terms. Previously, they used "Chairman" and "Vice Chairman," but now they will use "Chair" and "Vice Chair." This amendment aligns their language with current practice. This change is internal and doesn't require public notice or comment.

    Simple Explanation

    The Federal Open Market Committee decided to change the words they use for their leaders from "Chairman" and "Vice Chairman" to "Chair" and "Vice Chair" so everyone feels included. This doesn't change anything else about their work, and they didn't need to ask anyone's permission to do this.

  • 2021-04040 — Notification of Amendment to the Rules of Organization; Federal Open Market Committee
    Type:Notice
    Citation:86 FR 11776
    Reading Time:about a minute or two

    The Federal Open Market Committee (FOMC), part of the Federal Reserve System, has updated its internal rules to use the terms "Chair" and "Vice Chair" instead of the gendered "Chairman" and "Vice Chairman." This change, which took effect on February 17, 2021, aims to make the language more inclusive and aligns with current practices. The alterations are part of the FOMC's uncodified regulations and do not require public notice or comment because they concern the Committee's internal procedures.

    Simple Explanation

    The Federal Open Market Committee (FOMC) changed the words they use in their rules to call their leaders "Chair" and "Vice Chair" instead of "Chairman" and "Vice Chairman." This change is to make their language more fair for everyone and started on February 17, 2021.