Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. why fomc is important? what does fomc do? can the

Why FOMC is important? What does FOMC do? Can the Fed control over the federal funds rate...

70.2K

Verified Solution

Question

Economics

Why FOMC is important?

What does FOMC do?

Can the Fed control over the federal funds rate and over bankreserves simultaneously?

Answer & Explanation Solved by verified expert
4.2 Ratings (803 Votes)
The Federal Open Market Committee or FOMC is the body that determines monetary policy for the Fed It is responsible for formulating a strategy aimed at fostering stable prices and economic development To put it clearly the FOMC manages the money supply of the country The FOMCs voting members are the Board of Directors the president of New Yorks Federal Reserve Bank and the presidents of    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Shawn, Inc. makes Lego figures. The budget reports Shawn planson selling 15 figures in...

General Management
1.2K views

The samples below give the readings for volume of a precious liquid in ml in an...

Biology
1.2K views

uestion 8 patient is infected with a multidrug antib macrolide D platensimycin

Physics
1.2K views

35 A small spherically symmetric charge q is placed at one vertex of a cube...

Physics
1.2K views

A wire forming a loop is dipped into soap solution and taken out so that...

Basic Math
1.2K views

Charlie worked for a stone setting company this past summer. He earned $50 just forcoming...

Calculus
1.2K views

Calculate the following derivatives Use symbolic notation and fractions where needed d dx cos 2x...

Algebra
1.2K views

Preview Activity 3 5 1 Let s consider the following matrix A and its reduced...

Algebra
1.2K views

ent Marshall uses the polynomial identity polynomial identity x y x What values can Marshall...

Accounting
1.2K views

Steve Edwards Enterprises is a sole proprietorship. It is planning to purchase a significant amount...

Accounting
1.2K views

Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining...

Accounting
1.2K views

Jacqueline age 51 takes early distribution from her traditional IRA the 10% penalty will not...