Federal Open Market Committee: Difference between revisions
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''US | ''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 (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 == | |||
* [[Board of Governors of the Federal Reserve System]] | |||
* [[Central bank]] | |||
* [[Federal funds futures]] (FFF) | |||
* [[Federal Funds Rate]] | |||
* [[Federal Reserve System]] | * [[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]] | |||
Latest revision as of 09:46, 21 June 2022
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.
