Governmental
FOMC Full Form - What is Full Form of FOMC?
| Full Form: | Federal Open Market Committee |
|---|---|
| Category: | Governmental |
| Sub Category: | Governmental |
What is Meaning of FOMC?
FOMC full form is Federal Open Market Committee.
What is Federal Open Market Committee?
The term Federal Open Market Committee (FOMC) refers to the branch of the Federal Reserve System (FRS) that determines the direction of monetary policy in the United States by directing open market operations (OMOs). The committee is made up of 12 members, including seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining 11 Reserve Bank presidents on a rotating basis