What is the Federal Open Market Committee, and what does it do?
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System, responsible for formulating monetary policy for the United States. The goals of monetary policy, as spelled out in the Federal Reserve Act, are “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” The FOMC sets monetary policy by specifying the short-term objective for open market operations—purchases and sales of U.S. government and federal agency securities. Open market operations, the principal tool of monetary policy, affect the availability of reserves to depository institutions and, in turn, the cost and availability of money and credit in the U.S. economy. The FOMC sets a target level for the federal funds rate (the rate that depository institutions charge on overnight sales of immediately available funds among themselves). The FOMC also directs Federal Reserve operations related to trading foreign currencies; these
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. It is responsible for formulation of a monetary policy designed to promote economic growth, full employment, stable prices, and a sustainable pattern of international trade and payments. The FOMC sets monetary policy by specifying the short-term objective for open market operations–purchases and sales of U.S. government and federal agency securities. Open market operations, the principal tool of monetary policy, affect the provision of reserves to depository institutions and, in turn, the cost and availability of money and credit in the U.S. economy. Currently, the objective is a target level for the federal funds rate (the rate that depository institutions charge on overnight sales of immediately available funds among themselves). The FOMC also directs Federal Reserve operations in foreign currencies; such operations are coordinated with the U.S. Treasury, which has responsibilit
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. It is responsible for formulation of a monetary policy designed to promote economic growth, full employment, stable prices, and a sustainable pattern of international trade and payments. The FOMC sets monetary policy by specifying the short-term objective for open market operations– purchases and sales of U.S. government and federal agency securities. Open market operations, the principal tool of monetary policy, affect the provision of reserves to depository institutions and, in turn, the cost and availability of money and credit in the U.S. economy. Currently, the objective is a target level for the federal funds rate (the rate that depository institutions charge on overnight sales of immediately available funds among themselves). The FOMC also directs Federal Reserve operations in foreign currencies; such operations are coordinated with the U.S. Treasury, which has responsibili
The Federal Open Market … The calendar for FOMC meetings is available on the Board of Governors’ web site.http://richmondfed.org/faqs/fomc/ Forex Calendar @ Forex Factory Forex Calendar – the most advanced and reliable Forex calendar in the world, packed with … FOMC Member Evans Speakshttp://www.forexfactory.com/calendar.
