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- Established by the Federal Reserve Act of 1913
- Holds eight regularly scheduled meetings throughout the year
- Law requires committee to meet at least four times per year in Washington, DC
- Controls open market operations, discount rate and reserve requirements
- Includes seven members of the Board of Governors and five of 12 Federal Reserve Bank presidents
- Statements regarding policy decisions are released just after 2 p.m. after the end of every meeting
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The FOMC, or Federal Open Market Committee, is the twelve-member policymaking body of the U.S. Federal Reserve. Open market operations involve the use of treasury securities to finance the debt of the Federal government of the United States. The FOMC also determines the growth rate of the country's money supply.
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FOMC on Amazon
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A Day in the Life of the FOMC: An Insider's Perspective on the Innerworkings of the Federal Reserve's Monetary Policymaking Body (Booklet) - $15.99
The purpose of this publication is to eliminate some of the mystery surrounding what goes on behind closed doors at the Federal Open Market Committe (FOMC) meetings and share with ...Amazon
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Test Drive: Eve of Destruction - $29.99
Test Drive: Eve Of Destruction takes you to the small-town race tracks for fender-flattening mayhem. Being the fastest doesn't earn you a checkered flag here - but being able to hi...Amazon
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Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve - $21.95
No matter who you are-investor, trader, homeowner, 401(k) holder, or CEO-you are bound to feel the impact of Alan Greenspan's “Age of Ignorance” for years to come. A...Amazon
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2009 Federal Reserve System Bernanke, Financial Crisis Intervention, Monetary Policy, Banking, FOMC, Library of Publications, Banking Regulations, Economic Research, Payment Systems (Two CD-ROM Set) - $25.00
This incredibly comprehensive superset of two CD-ROMs provides an up-to-date collection of documents and reference sources on the Federal Reserve System and its Board of Governors,...Amazon
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