Gourt > Science > Social Sciences > Economics > Macroeconomics > Federal Reserve FOMC
The Federal Open Market Committee (FOMC) is charged under US law with overseeing open market operations in the United States, and is the principal tool of US national monetary policy. (Open market operations are the buying and selling of government securities.) The Committee sets monetary policy by specifying the short-term objective for those operations, which is currently a target level for the federal funds rate (the rate that commercial banks charge on overnight loans among themselves). The FOMC also directs operations undertaken by the Federal Reserve in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar.
FOMC Membership
The Federal Open Market Committee consists of twelve voting members: the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents. The New York Reserve Bank president always sits on the Committee, and the other presidents serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. More on [ Federal Open Market Committee ]
ã¡ãã£ã¢ã¯FedãFRB(Federal Reserve Board)ã®ã¤ããã§ä½¿ã£ã¦ãã¾ããããFRBã¨ããã¨ãã¯FOMCã®Boardã¨é£é(Bank)ã§ééããçããããããã¨èãã¾ãããRT @gion2009: @tate_it: Fedã¨FRBã®ä½¿ãåããããã¾ãâ¦
euroseller (EURO SELLER) Sun, 03 Jan 2010 08:03:00 -0000
メディアはFedもFRB(Federal Reserve Board)のつもりで使っていますよね。FRBというときはFOMCのBoardと連銀(Bank)で間違いが生じやすいからと聞きました。RT @gion2009: @tate_it: FedとFRBの使い分けがあいまい…
How soon after the federal reserve FOMC meeting are rate changes reflected in the marketplace? http://bit.ly/7ZzTgd
stocksmoneynet (Stocks and Money) Thu, 31 Dec 2009 14:35:40 -0000
How soon after the federal reserve FOMC meeting are rate changes reflected in the marketplace? http://bit.ly/7ZzTgd
Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.
Federal Open Market Committee -- FRB - Schedule and minutes of Federal Open Market Committee from the Federal Reserve Board
Federal Reserve Update -- Money-Rates.com - Provides coverage of the Federal Reserve, including meetings, history, and predictions on future interest rate changes.
Meta Description: [ Federal Reserve news, predictions, and history posted by money-rates.com. ]
Humphrey Hawkins Testimony and Report to the Congress - Semiannual report on monetary policy and U.S. economic performance from the Federal Reserve
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