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Investments glossary

Federal Open Market Committee (FOMC)


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Quotes of the day:

All that glitters is not gold, and things that look warm are often cold!

— Yassine Aumerally

The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board (FRB) that determines the direction of monetary policy specifically by directing open market operations (OMO). The committee is made up of twelve members: the chairman, seven governors from the FRB appointed by Congress, and four regional fed presidents.

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