The Federal Open Market Committee promotes price stability and economic growth through management of the money supply oversight

Question

jekas [21]

3 years ago

7

The Federal Open Market Committee promotes price stability and economic growth through management of the money supply oversight

of the financial services industry provision of direct services to consumers supervision of regional banking operations

Business

1 answer:

nevsk [136] · Answer 1 · 2022-08-18T13:10:53+03:00

Answer:

management of the money supply

Explanation:

The Federal Open Market Committee (FOMC) is made up of seven members of the Board of Governors, the president of the federal reserve bank of New York and four rotating regional federal reserve bank presidents. It is in charge of conducting the Fed's monetary policy, i.e. buying and selling US securities to increase or decrease the money supply.