Federal Open Market Committee (FOMC) financial definition of Federal Open Market Committee (FOMC). Federal Open Market Committee (FOMC) finance term by the Free Online Dictionary.

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Federal Open Market Committee (FOMC)

A policy-making committee within the Federal Reserve that has the responsibility for establishing and carrying out open-market operations. Policies and decisions of the committee have a substantial impact on interest rates and the securities markets. The FOMC is composed of the 7 members of the Board of Governors of the Federal Reserve System and presidents from 5 of the 12 Federal Reserve Banks. Also called Open Market Committee.

Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body.

Federal Reserve Board raises short-term rates by Pro Farmer

The Federal Open Market Committee (FOMC) has released the following schedule for its meetings in 1999: February 2-3; March 30; May 18; June 29-30; August 24; October 5; November 16; and December 21.

Announcements by Federal Reserve Bulletin

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