#FOMCMeeting The Federal Open Market Committee (FOMC) is the body of the Federal Reserve of the United States responsible for overseeing the country's open market operations and formulating monetary policy. The FOMC meets eight times a year in Washington D.C. to review economic and financial conditions, determine the appropriate stance of monetary policy, and assess the risks to its goals of maximum employment and price stability. The FOMC's decisions regarding interest rates and monetary policy have a significant impact on the U.S. economy and global financial markets, being closely followed by investors, analysts, and the general public. Its communication after meetings, through press releases and the Fed Chair's conference, provides valuable insights into the future direction of monetary policy.