The Federal Open Market Committee (FOMC) is a crucial decision-making body responsible for setting monetary policy in the United States. This involves determining money supply targets, which are often implemented through adjustments to the Fed Fund interest rates. The FOMC's actions have a significant impact on the economy, making it a key area of study for anyone interested in finance. Understanding the role and function of the FOMC is essential for comprehending the complexities of the US financial system.
