Prepare for UCF ECO3223 Midterm 3 Exam with engaging quizzes. Understand core concepts through multiple choice questions and detailed explanations. Boost your confidence and excel on your test!

The role of the CEO of the Federal Open Market Committee (FOMC) is fulfilled by the Chairman of the Board of Governors of the Federal Reserve System. The Chairman holds significant influence over the Federal Reserve's monetary policy and decision-making process, guiding discussions and ensuring that the goals of the committee are met. This position plays a crucial role in representing the FOMC to the public and the government, as well as in coordinating the activities of its members.

While the President of the New York Fed Bank and the System Open Market Manager are important figures within the Federal Reserve System, they do not act as the CEO of the FOMC. The structure of the FOMC allows for various members to contribute to discussions; however, the Chairman is the one who leads these efforts, setting the agenda and facilitating a cohesive approach to policy-making. Thus, it is the Chairman of the Board of Governors who is recognized as the CEO of the FOMC, leading to the conclusion that this answer is correct.