The Federal Open Market Committee (FOMC).

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) sets policy on the sale and purchase of government bonds by the Federal Reserve (Fed) in order to influence the money supply, interest rates, and overall economic growth. While it may monitor banking stability and regulatory laws, those responsibilities are generally handled by other branches of the Fed. Following financial markets to promote competitiveness is also not one of its main functions.