#FOMCMeeting Federal Open Market Committee (FOMC)

The Federal Open Market Committee (FOMC) is the principal body within the U.S. Federal Reserve System responsible for setting national monetary policy. Comprising 12 members—including the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four rotating presidents from the remaining regional Reserve Banks—the FOMC meets eight times a year to assess economic conditions and determine appropriate policy actions. Its primary tools include setting the target for the federal funds rate and conducting open market operations, such as buying or selling U.S. Treasury securities, to influence liquidity and interest rates. These decisions aim to promote maximum employment and maintain price stability, directly impacting borrowing costs, inflation, and overall economic growth.

Here is an illustrative image of an FOMC meeting: