The U.S. Federal Reserve's policy-making committee, the Federal Open Market Committee (FOMC), could see more consensus on monetary policy in 2020 following the rotation of committee members, local media reported on Thursday. Chiefs of the Cleveland, Philadelphia, Dallas and Minneapolis reserve banks will join the FOMC in January to get a formal vote on monetary policy decisions, while leaders of the Boston, Chicago, Kansas City and St. Louis reserve banks will step off the panel, The Wall Street Journal reported. The FOMC consists of all members of the Washington-based Fed board of governors, the president of the ... (full story)