The main object of FOMC voting is to set the target
A)inflation rate.
B)federal funds rate.
C)unemployment rate.
D)foreign exchange rate.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) voting is primarily directed towards setting the target federal funds rate. The federal funds rate is the interest rate at which depository institutions (banks) lend and borrow funds overnight from one another to meet reserve requirements. By setting the federal funds rate target, the FOMC aims to achieve stable prices, maximum employment, and moderate long-term interest rates.

The Main Object of FOMC Voting Is to Set the Target