Federal Open Market Committee: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Add link.) |
||
| Line 10: | Line 10: | ||
* [[Central bank]] | * [[Central bank]] | ||
* [[Federal Reserve System]] | * [[Federal Reserve System]] | ||
* [[Great Recession]] | |||
* [[Monetary policy]] | * [[Monetary policy]] | ||
* [[Open market operations]] | * [[Open market operations]] | ||
Revision as of 12:42, 25 March 2020
US 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.
