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Which group within the federal reserve system meets to discuss changes in the economy and determine...


Which group within the federal reserve system meets to discuss changes in the economy and determine monetary policy?

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ANSWER : Federal Open Market Committee (FOMC) of Ferderal Reserve System meets to discuss changes in the economy and determine monetary policy . The FOMC is composed of 12 members-- seven members of the Board of Governors and five of the 12 Reserve Bank presidents . FOMC schedules eight meetings per year , one every six weeks or so as necessary to review economic and financial development . FOMC conduct monetary policy to achieve its macroeconomic objectives of maximum employment and stable price , it also conduct policy by adjusting the level of short term interest rates in response to changes in the economic outlook.  

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