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FOMC Meeting

FOMC Meeting Definition

Refers to the meeting of the The Federal Open Market Committee (FOMC) of the Federal Reserve System. The 12-member Committee defines credit and interest rate policies. Its members are  7 members of the Board of Governors, and 5 of the 12 Federal Reserve Bank Presidents.


Additional meaning of FOMC Meeting:

The FOMC holds eight scheduled meetings per year. At these meetings, it reviews economic and financial conditions, determines the monetary policy, and assesses the risks to its long-run goals of economic growth.


RELATED TERMS
Federal Open Market Committee (FOMC)
RELATED CATEGORIES
Economy




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