The group that is comprised of five presidents of Fed regional banks and seven Fed governors that gathers around a table to discuss whether to increase interest rates is the:

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for making key decisions about interest rates and the growth of the United States money supply. It consists of twelve members, including the seven members of the Federal Reserve Board and five of the twelve Reserve Bank presidents. This group meets to discuss and implement monetary policy, which includes decisions on interest rates.

The Group That Is Comprised of Five Presidents of Fed