#FOMCMeeting Here's a simple explanation of an FOMC meeting with visuals and easy-to-understand text. I’ll generate images that illustrate each key point.
1. What is the FOMC?
The Federal Open Market Committee (FOMC) is a group within the U.S. Federal Reserve that makes decisions about interest rates and the money supply.
Image: A meeting room with central bankers sitting around a large round table marked “FOMC Meeting”.
2. Who is in the FOMC?
There are 12 voting members:
7 members from the Board of Governors
5 of 12 regional Fed bank presidents (rotating)
Image: A diagram showing 12 people, with 7 labeled “Board” and 5 labeled “Fed Bank Presidents”.
3. What Happens in the Meeting?
They review:
The U.S. economy
Inflation
Employment
Global risks
Then they decide whether to:
Raise interest rates
Lower interest rates
Keep them the same
Image: A balance scale with “Inflation” on one side and “Jobs” on the other.
4. Why It Matters
Their decision affects:
Loan interest rates
Mortgage rates
Stock market
Value of the U.S. dollar
Image: Arrows showing connections from FOMC to homes, banks, stock market, and global currencies.
