Federal Open Market Committee (FOMC)

The Federal Open Market Committee (FOMC) is a key part of the U.S. Federal Reserve, which is the country’s central bank. The FOMC meets regularly to make decisions about monetary policy, particularly regarding interest rates and the money supply. Their main goals are to promote economic stability, control inflation, and support maximum employment. By adjusting interest rates, the FOMC influences borrowing, spending, and investment in the economy, which in turn affects job growth and price levels. Their decisions are crucial for maintaining healthy economic conditions in the U.S.