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The FOMC is responsible for

Updated: 10/26/2022
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Q: The FOMC is responsible for
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Who are the members of the Federal open market committee?

The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.


Who are the members of the Federal Reserve Open Market Committee?

The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.


What are the names of the members of the FOMC?

jake


What is the FOMC?

The monetary policy-making body within the Federal Reserve is the Federal Open Market Committee (FOMC). Its voting members are the seven governors of the board of governors and five presidents of the regional banks. The FOMC meets eight times per year.


If the FOMC purchases government securities credit is stimulated?

Yes


What is the Federal Reserves chief body for monetary policy?

FOMC


Is Alan Greenspan responsible for the current US economy slowdown?

Many believe that Alan Greenspan, as a chairman of FOMC, played a major role in excessive Monetary Policy easing. It may be argued that FOMC reduced Fed Fund target rates too much, making credits very inexpensive and readily available for both the public and businesses, thus creating the apparent housing overpricing.


Who sets prime rate?

the Federal Open Market Committee (FOMC),


Which fed entity issues the nation's monetary policy directive?

FOMC


How many members of the FOMC may vote at one meeting?

7


What is the Federal Open Market Committee (FOMC)?

The branch of the federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents.


If the fomc purchases government securities credit is stimulated . true or false?

True