Federal Open Market Committee: Difference between revisions
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imported>John Grout m (Add cross reference to Board of Governors) |
imported>Doug Williamson m (Add spaces, expand link to Board of Governors of the Federal Reserve System to repair broken link, change double dash to colon, standardise See also heading.) |
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''US Banking.'' | ''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 (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 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 == | |||
* [[Federal Reserve System]] | * [[Federal Reserve System]] | ||
* [[Board of Governors of the Federal Reserve]] | * [[Board of Governors of the Federal Reserve System]] | ||
Revision as of 16:46, 18 July 2014
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.
