A Day in the Life of the FOMC - Revised Version
July 9, 2009
As long as the U.S. economy is growing steadily and inflation is low, few people give much thought to the Federal Open Market Committee, or FOMC, the group within the Federal Reserve System charged with setting monetary policy. Yet, when economic volatility makes the evening news, this committee and its activities become much more prominent. This revised publication gives readers an inside look at the Federal Reserve's monetary policymaking body.