View source for Federal Open Market Committee

''US banking - central banking.'' 

The Federal Open Market Committee (FOMC) within the United States Federal Reserve System is responsible for [[open market operations]] as a tool in effecting the central bank's monetary policy.

The Federal Open Market Committee has twelve members: the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.


== See also ==
* [[Board of Governors of the Federal Reserve System]]
* [[Central bank]]
* [[Federal funds futures]]  (FFF)
* [[Federal Funds Rate]]
* [[Federal Reserve System]]
* [[Great Recession]]
* [[Monetary policy]]
* [[Open market operations]]

[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]