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Finance Dictionary and Glossary of Investment Terms
Federal Open Market Committee (FOMC)
Definition 1.
en Market Committee (FOMC)
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Definition 2.
A policy-making committee within the Federal Reserve that is responsible for controlling open-market operations. The FOMC regularly changes interest rate policy as a way to influence the economy. It is composed of the seven members of the Federal Reserve Board and presidents from five of the 12 Federal Reserve regional banks.
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