The Federal Open Market Committee
A) consists of the Fed chairman and the 12 regional bank presidents.
B) is the main policy-making organ of the Federal Reserve.
C) is headed by the president of the New York Federal Reserve Bank.
D) meets every week to review the state of the economy.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is indeed the main policy-making organ of the Federal Reserve, responsible for overseeing the nation's open market operations and making key decisions about interest rates and the growth of the United States money supply.