Ricky Gutierrez
@rickygutierrezz·1.2M subscribers·5.3K videos
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Posted
July 28, 2023
Views
9,670
Likes
594
Comments
55
Engagement
6.71%
July 28, 2023
9,670
594
55
6.71%
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6:02Now PlayingThe Federal Open Market Committee is a branch of the Federal Reserve System. The FOMC determines the direction of monetary policy by directing open market operations. 1. The committee is composed of the seven members of the Board of Governors and five Federal Reserve Bank presidents.
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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