Series 3: 6.1.6.2.4.1. Federal Open Market Committee

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6.1.6.2.4.1. Federal Open Market Committee

Monetary policy for the Federal Reserve System is decided by the Federal Open Market Committee (FOMC). This policy-making committee consists of the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and 4 of the presidents of the other 11 Federal Reserve Banks, who take turns serving 1-year t

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