Series 52: 7.4.3.1. Federal Open Market Committee

Taken from our Series 52 Online Guide

7.4.3.1. Federal Open Market Committee

The Federal Open Market Committee (FOMC) is the group that makes monetary policy for the Federal Reserve System. It consists of the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the presidents of the other 11 Federal Reserve Banks, who take turns serving one-year terms. The FOMC typically

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