Meaning of FOMC | Babel Free

Definitions

Initialism of Federal Open Market Committee.

US, abbreviation, alt-of, initialism

Examples

“The FOMC, which we think of as making monetary policy decisions, is made up of the members of the BoG plus the president of the Federal Reserve Bank of New York, and four other rotating regional reserve bank presidents. Unanimous votes on the FOMC are the norm in recent history, reflecting the committee’s tendency to follow the leader.”

CEFR level