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.