The Federal Open Market Committee is
A)the group at the Federal Reserve that sets monetary policy.
B)in charge of tax collection.
C)the group that sets the amount of government spending.
D)the group that reviews income assistance programs.

Question

The Federal Open Market Committee is ​
A)​the group at the Federal Reserve that sets monetary policy.
B)​in charge of tax collection.
C)​the group that sets the amount of government spending.
D)​the group that reviews income assistance programs.

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that is responsible for overseeing the nation's open market operations and making key decisions about interest rates and the growth of the United States money supply, thus setting the direction of monetary policy.

The Federal Open Market Committee Is ​

The Federal Open Market Committee Is