Question

What is the purpose of the federal reserve's federal open market committee and its activities?

Answer 1

Question: What is the purpose of the federal reserve's federal open market committee and its activities?

Federal Open Market Committee. The Federal Open Market Committee, or FOMC, is the Fed's monetary policymaking body. It is responsible for formulation of a policy designed to promote stable prices and economic growth. Simply put, the FOMC manages the nation's money supply.

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