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The Federal Open Market Committee (FOMC), a component of the Federal Reserve System, is charged under United States law with overseeing the nation's open market operations. It is the Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money supply. It is the principal organ of United States national monetary policy. (Open market operations are the buying and selling of government securities.) The Committee sets monetary policy by specifying the short-term objective for those operations, which is currently a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans). The FOMC also directs operations undertaken by the Federal Reserve System in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar. From Wikipedia under the
GNU Free Documentation License Monetary policy is made by which part of the Federal Reserve? Q. the Board of Governors. the Federal Open Market Committee. the Federal Securities Commission. the Chairman of the Fed. the Securities and Exchange Commission. I have no idea! I know its made by the Fed, but specifically, I don't know. Can you help me? Correction! It is the Federal Open Market Committee!! Uh-oh, I was thinking it was the Board of Governors! Three different answers... Asked by just_ask - Tue May 19 21:20:27 2009 - - 3 Answers - 0 Comments A. From their website: "Monetary policy is made by the Federal Open Market Committee (FOMC), which consists of the members of the Board of Governors of the Federal Reserve System and five Reserve Bank presidents. The FOMC holds eight regularly scheduled meetings during the year, and other meetings as needed" Answered by gray shadow - Tue May 19 23:31:56 2009 This group has broad control over the growth of the nation's money supply:? Q. A. The Federal Open Market Committee of the Federal Reserve System ---B. The President of the Federal Reserve Bank of Cleveland ---C. The Senate Finance Committee ---D. Federal Reserve Advisory Council Asked by richdamac - Sun Apr 13 00:22:30 2008 - - 1 Answers - 0 Comments A. A. The Federal Open Market Committee of the Federal Reserve System. Answered by Jon B - Sun Apr 13 01:26:39 2008 Which one of the following is true about the US Fed. Reserve System?
Q. A. The head of the US Treasury also chairs the Fed Reserve board B. THere are 10 regional Fed Reserve Banks C. There are 14 members of the Federal Reserve Board D. The Federal Open Market Committee (FOMC) has more members than does the Federal Reserve Board Asked by buisnessstudenttobe - Sun May 6 14:23:27 2007 - - 1 Answers - 0 Comments A. I relly think that its c all the federal reserve districts 12 of them i believe have their own website, and they all have some basic facts on them if you want check one of them out. Answered by GSWALLY - Wed May 9 11:58:46 2007 From Yahoo Answer Search: "federal open market committee"  news.google.com Fri, 02 Jul 2010 20:18:42 GMT+00:00 Wall Street Journal Meantime, federal-funds futures on Friday continued to price in expectations for the rate-setting Federal Open Market Committee to wait until the first ... news.google.com Fri, 02 Jul 2010 06:00:27 GMT+00:00 Reuters "It's certainly true that if things got really bad in some dimension and we were back in crisis mode, the FOMC wouldn't hesitate do more if we had to," St. ... 3rd Fed's Duke:Full Credit Rebound Is Likely Years Off Automated Trader Duke Says Return to Pre-Crisis Lending May Take Years BusinessWeek Press group wants Fed's bank aid disclosed faster The Associated Press news.google.com Wed, 23 Jun 2010 18:53:52 GMT+00:00 Commentary CountingPips As expected, the Federal Open Market Committee voted to keep its federal funds target rate between 0% and 0.25% The FOMC reported Information received ... Fed's Cautious Comment Pressures Greenback Action Forex From Google News Search: "federal open market committee" |
