The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve (the central bank of the United States) that sets monetary policy. Key aspects of FOMC meetings include:
1. *Interest Rate Decisions*: The FOMC sets interest rates to promote maximum employment and price stability.
2. *Economic Outlook*: The committee discusses the current state of the economy and forecasts future trends.
3. *Monetary Policy*: The FOMC decides on actions to take, such as buying or selling government securities, to influence the money supply and interest rates.
FOMC meetings typically occur eight times a year and have a significant impact on financial markets.