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Federal Open Market Committee

Index Federal Open Market Committee

The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under the United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). [1]

37 relations: Bank of England, Banking Act of 1935, Ben Bernanke, Central bank, Charles L. Evans, Eric S. Rosengren, Esther George, Federal funds probability, Federal funds rate, Federal Reserve Bank, Federal Reserve Board of Governors, Federal Reserve System, Foreign exchange market, Inflation targeting, James B. Bullard, Jerome Powell, John C. Williams (economist), Lael Brainard, Loretta J. Mester, Michael Strine, Monetarism, Monetary policy, Monetary Policy Committee, Monetary policy of the United States, National Association for Business Economics, Open market operation, Proxy voting, Randal Quarles, System Open Market Account, United Kingdom, United States, United States House Committee on Financial Services, United States Senate Committee on Banking, Housing, and Urban Affairs, United States Treasury security, Washington, D.C., William C. Dudley, 1933 Banking Act.

Bank of England

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom of Great Britain and Northern Ireland and the model on which most modern central banks have been based.

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Banking Act of 1935

The Banking Act of 1935 passed on August 19, 1935 and was signed into law by the president, Franklin D. Roosevelt, on August 23.

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Ben Bernanke

Ben Shalom Bernanke (born December 13, 1953) is an American economist at the Brookings Institution who served two terms as Chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Charles L. Evans

Charles L. Evans (born January 15, 1958) is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago.

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Eric S. Rosengren

Eric S. Rosengren (born June 3, 1957) took office on July 23, 2007, as the thirteenth president and chief executive officer of the Federal Reserve Bank of Boston, serving the First District.

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Esther George

Esther L. George (born 1958) is president and chief executive of the Federal Reserve Bank of Kansas City.

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Federal funds probability

Federal funds probability is the probability of actions taken by the Federal Reserve System of the United States at upcoming Federal Open Market Committee (FOMC) meetings.

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Federal funds rate

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

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Federal Reserve Bank

A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States.

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Federal Reserve Board of Governors

The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Foreign exchange market

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.

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Inflation targeting

Inflation targeting is a monetary policy regime in which a central bank has an explicit target inflation rate for the medium term and announces this inflation target to the public.

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James B. Bullard

James Brian Bullard is the chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, positions he has held since 2008.

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Jerome Powell

Jerome Hayden "Jay" Powell (born February 4, 1953) is the 16th and current Chairman of the Federal Reserve, serving in that office since February 2018.

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John C. Williams (economist)

John Carroll Williams (born June 12, 1962) is the President and Chief Executive Officer of the Federal Reserve Bank of San Francisco.

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Lael Brainard

Lael Brainard is a member of the U.S. Federal Reserve's Board of Governors where she serves as Chair of the Committees on Financial Stability, Federal Reserve Bank Affairs, Consumer and Community Affairs, and Payments, Clearing and Settlements.

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Loretta J. Mester

Loretta J. Mester (born October 24, 1958) is President and CEO of the Federal Reserve Bank of Cleveland.

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Michael Strine

Michael Strine is the current First Vice President of the Federal Reserve Bank of New York.

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Monetarism

Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Monetary Policy Committee

The Monetary Policy Committee (MPC) is a committee of the Bank of England, which meets for three and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate).

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Monetary policy of the United States

Monetary policy concerns the actions of a central bank or other regulatory authorities that determine the size and rate of growth of the money supply.

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National Association for Business Economics

The National Association for Business Economics (NABE) is the largest international association of applied economists, strategists, academics, and policy-makers committed to the application of economics.

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Open market operation

An open market operation (OMO) is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks.

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Proxy voting

Proxy voting is a form of voting whereby a member of a decision-making body may delegate his or her voting power to a representative, to enable a vote in absence.

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Randal Quarles

Randal Keith Quarles (born September 5, 1957) is an American private equity investor and government official who has served as a member and vice chair for supervision of the Federal Reserve Board of Governors since October 2017.

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System Open Market Account

The System Open Market Account (SOMA) is one of the monetary policy tools used by the United States' Federal Reserve System that contains assets acquired by open market operations (OMOs).

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States House Committee on Financial Services

The United States House Committee on Financial Services (also referred to as the House Banking Committee) is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking, and housing industries.

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United States Senate Committee on Banking, Housing, and Urban Affairs

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency) has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts.

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United States Treasury security

A United States Treasury security is an IOU from the US Government.

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Washington, D.C.

Washington, D.C., formally the District of Columbia and commonly referred to as Washington or D.C., is the capital of the United States of America.

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William C. Dudley

William C. Dudley (born 1952) is the president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee.

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1933 Banking Act

The Banking Act of 1933 was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms.

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Redirects here:

FOMC, Federal Open Markets Committee.

References

[1] https://en.wikipedia.org/wiki/Federal_Open_Market_Committee

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