Skip to main content

FOMC (Federal Open Market Committee)

Also called FOMC.

The Federal Reserve committee that sets monetary policy, including the target range for the federal funds rate.

It holds eight regularly scheduled meetings a year, and others as needed. Source 1 Source 2

Related terms

Where it comes up

Sources

  1. Federal Reserve Board: FOMC meeting calendars and information (opens in a new tab)
  2. Federal Reserve Board: What is the Federal Open Market Committee? (opens in a new tab)

All glossary terms