Question

What is the main function of the federal open market committee?

Answer 1

That is The Federal Reserve Board it Determines the direction of monetary policy.

Answer 2

Answer:

Direct open market operations which involves the Fed buying and selling U.S. government securities

Explanation:

The Federal Open Market Committee (FOMC) is responsible for the monetary policy of the Federal Reserve System. The Committee is composed by twelve voting members, who are part of the Board of Governors, and meet eight times a year to discuss the nation's money supply and to direct open market operations. During this meetings the FOMC decides the interest rates banks should charge for federal funds according to the economic' stability, growth and inflation.