Definition of Federal Open Market Committee in English:

Federal Open Market Committee

noun

  • A committee of the Federal Reserve Board that meets regularly to set monetary policy, including the interest rates that are charged to banks.

    • ‘The Federal Open Market Committee has a practice, authorized by regulation, of withholding certain monetary policy directives from the public during the month they are in effect.’
    • ‘The afternoon release of Federal Open Market Committee minutes from the board's October 31 meeting was the clear highlight of the day's trade.’