Question

What is the Federal Open Market Committee (FOMC)?


Federal Reserve committee that makes key decisions about interest rates and the growth of the U.S. money supply


seven-member board that oversees the Federal Reserve System


group of Federal Reserve governors that influences the level of real GDP and the rate of inflation in the economy


research arm of the Federal Reserve

Answer 1

The Federal Open Market Committee (FOMC) is primarily defined as the **Federal Reserve committee that makes key decisions about interest rates and the growth of the U.S. money supply**. The FOMC is crucial in guiding monetary policy, particularly through open market operations, which involve the buying and selling of government securities to influence liquidity and interest rates in the economy.