The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that is responsible for setting monetary policy in the United States. It is made up of 12 members, including the seven members of the Federal Reserve Board and five of the 12 Federal Reserve Bank presidents. The FOMC meets regularly to discuss the state of the economy and to make decisions about setting the target for the federal funds rate, which is the interest rate at which banks lend to each other overnight. The FOMC also has the authority to buy and sell government securities in the open market in order to influence the supply of money and credit in the economy. The FOMC plays a crucial role in maintaining the stability of the financial system and promoting economic growth.

The Federal Open Market Committee (FOMC) is the policy-making body of the United States Federal Reserve System responsible for monetary policy decisions. Comprising the Board of Governors and regional Federal Reserve Bank presidents, the FOMC meets regularly to assess economic conditions and determine the nation's monetary policy, including decisions on interest rates. Through open market operations, such as buying or selling government securities, the FOMC aims to achieve maximum employment, stable prices, and moderate long-term interest rates. Its actions significantly impact financial markets, making the FOMC a crucial entity in steering the U.S. economy.