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Definition of

Federal Open Market Committee


committee that oversees US monetary policy the 12-member committee of the Federal Reserve Board that meets eight times a year to determine US monetary policy by setting interest rates or by buying and selling government securities.

Related definitions of "Federal Open Market Committee"

Recommended Further Reading (Term count)
  • In Praise of Decisive Action
    by Justin Fox
    Justin Fox is editorial director of the Harvard Business Review Group and author of The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street. He also writes a blog for and is a contributor to Time magazine. Before joining HBR Group in 2010, he wrote a weekly column for Time and created the Curious Capitalist blog for Previously, Fox spent more than a decade working as a writer and editor at...

Definitions of ’Federal Open Market Committee’ and meaning of ’Federal Open Market Committee’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Federal Open Market Committee’ and other financial terms with our online QFINANCE Financial Dictionary.

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