The FOMC is the
A)report the Fed gives to Congress twice a year.
B)group within the Fed that makes monetary policy.
C)report that summarizes the economy across Fed districts.
D)name of the meeting the Fed has with Congress twice a year.
E)interest rate the Fed most directly influences.

Question

Quizplus · Accepted Answer

The FOMC, or Federal Open Market Committee, is the group within the Fed that makes monetary policy decisions, including setting the federal funds rate, which is the interest rate at which banks lend to each other overnight.

The FOMC Is the