The Federal Open Market Committee (FOMC) is the monetary policy-making body of the U.S. Federal Reserve System, consisting of 12 members. The committee holds eight annual meetings to determine monetary policy and adjust short-term interest rates in response to economic changes.
*2025 Federal Open Market Committee Meeting Schedule:*
- *May*: May 6-7
- *June*: June 17-18
- *July*: July 29-30
- *September*: September 16-17
- *October*: October 28-29
- *December*: December 9-10
*Objectives of the Federal Open Market Committee:*
- Achieve maximum employment
- Maintain price stability
*Monetary Policy Tools:*
- Adjust short-term interest rates
- Open market operations (quantitative easing)
*Meeting Outcomes:*
- The committee issues a monetary policy statement after each regular meeting
- The Chair of the Board holds a press conference to discuss monetary policy decisions.