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.
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
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