KETR

Federal Reserve Board

Texas A&M University-Commerce

Texas A&M-Commerce economics professor Dr. Dale Funderburk says, amidst the recent volatility of the stock market, few people have noticed that the Federal Reserve Board is functioning with only three of the usual complement of seven members.  And Dr. Funderburk points out that the chairman of the Fed, Jerome Powell, is brand new, and another member has only been on the board for three months.  This at a time when the Fed will make some crucial decisions concerning interest rates, which are likely to have an effect on the markets.