Federal Open Market Committee
/ˈfɛdərəl ˈoʊpən ˈmɑrkɪt kəˈmɪti/
Definitions
- (n.) A committee within the U.S. Federal Reserve System responsible for setting monetary policy, particularly by directing open market operations to influence money supply and interest rates.
The Federal Open Market Committee meets regularly to determine the federal funds rate.
Forms
- federal open market committee
Related terms
See also
Commentary
Commonly abbreviated as FOMC, this committee plays a key role in U.S. economic regulation and monetary policy implementation.
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