Federal Open Market Committee

From ACT Wiki
Revision as of 09:46, 21 June 2022 by imported>Doug Williamson (Add links.)
Jump to navigationJump to search

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