Federal open market committee

The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC meets several times a year to discuss whether to maintain or change current policy. A vote to change policy would result in either buying or selling U.S. government securities on the open market to promote the growth of the national economy—Read more at Investopedia. Segal, Troy. “Federal Open Market Committee—FOMC Definition.” 20 April 2019