Something to Think About #160: What is the Federal Open Market Committee and What Does It Do? by Klarise Yahya
Part One of Two The Federal Open Market Committee: An Overview The Federal Open Market Committee, commonly known by its acronym FOMC, is the monetary policymaking body of the Federal Reserve System, which serves as the central bank of the United States. Established by the Banking Act of 1935, the FOMC is responsible for overseeing…



