#FOMCMeeting The Federal Open Market Committee (FOMC) is the main body of the United States Federal Reserve System (FRS) responsible for determining the country's monetary policy.

* FOMC meetings are held regularly (eight times a year) to discuss and make decisions regarding monetary policy.

What is discussed and decided at these meetings?

The primary objective of the FOMC is to promote maximum employment, stable prices, and moderate long-term interest rates. Important decisions made at FOMC meetings concern:

* Interest rates: A key decision is setting a target range for the federal funds rate, which influences other interest rates in the economy.

* Money supply: The FOMC also makes decisions about the amount of money supply in circulation by conducting open market operations (buying and selling government securities).

* Economic forecasts: The committee assesses the current state of the economy, inflation, employment, and makes forecasts for the future.

Why is this important?

The decisions and statements of the FOMC have a significant impact on global financial markets.