The regional reserve banks has a rotating policy when it
comes to voting position, but the New York president of Federal Open Market
Committee, or the FOMC, was able to have a permanent voting privileged. This is
a good thing since the president has the power to veto the bills.
The Schlieffen Plan was an offensive war plan that involved the invasion of France followed by an invasion of Russia. It was first devised in 1905 and named after German Field Marshall Alfred von Schlieffen.