The Federal Open Market Committee (FOMC) is the policymaking arm of the U.S. Federal Reserve, responsible for setting monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates. Comprising 12 members, including the Federal Reserve Chair and regional bank presidents, the #FOMCMeeting eight times a year to evaluate economic conditions and determine the federal funds rate. By adjusting this key interest rate, the FOMC influences borrowing costs, economic growth, and inflation. Its decisions have significant global financial market implications, as the U.S. dollar plays a central role in international trade and investment.