Something to Think About #160: What is the Federal Open Market Committee and What Does It Do? Part Two of Two by Klarise Yahya
The Decision-Making Process The FOMC’s decision-making process is thorough and data-intensive. In the weeks leading up to each meeting, Federal Reserve staff prepare extensive economic analysis, including forecasts and assessments of current conditions. The “Teal book,” as this briefing material is known, synthesizes vast amounts of economic data and provides the analytical foundation for policy…