What Does FOMC Stand For?

FOMC stands for Federal Open Market Committee

The Federal Open Market Committee (FOMC) is a component of the Federal Reserve System responsible for overseeing open market operations in the United States. It plays a crucial role in setting monetary policy, including determining interest rates and managing the money supply to promote maximum employment, stable prices, and moderate long-term interest rates. The FOMC meets regularly to assess economic conditions and adjust policies as necessary to achieve its objectives.