The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy.
 | | Term of the Day | Words to Know | | |  | | Federal Open Market Committee (FOMC) | The Federal Open Market Committee (FOMC) is the branch of the U.S. Federal Reserve Board (FRB) that determines the direction of monetary policy specifically by directing open market operations (OMO). The committee is made up of twelve members: the chairman, seven governors from the FRB appointed by Congress, and four regional fed presidents.
When it is reported in the news that the Fed has changed interest rates, it is the result of the FOMC's regular meetings. | | Read More » | | Related to "Federal Open Market Committee" | | | | SPONSORED BY INVESCO | | The Complete Guide to ETFs | | ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. | | Learn More » | | | Reserve Requirements | | Reserve requirements refer to the amount of cash that banks must hold in reserve against deposits made by their customers. | | Read More » | | | Treasury Securities | | Purchasing Treasury securities backed by the U.S. government and knowing their characteristics can provide a steady guaranteed income and peace of mind. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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