The Federal Open Market Committee. The members are composed of seven FRB members including chairman and vice chairman, and five governors of the regional FED including FED New York. FOMC is the supreme authority to decide the monetary policy in the US market. This meeting is usually held eight times a year, where they decide the official discount rate and the target to control FF rate, in addition, they show the business confidence and outlook in the near future for guidance.
Acting intervention| Against| Arbitrage| Coordinated intervention| Correspondent arrangement| Counterparty| Cover| Credit line| ECB| Favor| FF rate| FOMC| Foreign Reserve| FRB| Hedge| Impact loan| Interbank markets| Intervention| Leads and lags| Lifting charge| Long| Marry| Nostro Account| Official Discount Rate| Outright| Overshoot| Plaza Accord| Position| Repatriation| Short| Speculation| Square| Stagflation| Swap| Tied loan| TTB rate| TTS rate| Vostro Account|