FOMC Meeting Schedule 2022

fomc

The Federal Open Market Committee, a committee within the Federal Reserve System, is charged under United States law with overseeing the nation’s open market operations. This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. The 12 members of the FOMC meet eight times a year to discuss whether there should be any changes to near-term monetary policy. A vote to change policy would result in either buying or selling U.S. government securities on the open market to promote the growth of the national economy.

The Federal Open Market Committee (FOMC) has eight regularly scheduled meetings each year, but they can meet more often if the need should arise. The meetings are not held in public and are therefore the subject of much speculation on Wall Street, as analysts attempt to predict whether the Fed will tighten or loosen the money supply with a resulting increase or decrease in interest rates.

  • FOMC is the branch of the Federal Reserve System that determines the direction of monetary policy specifically by directing open market operations.
  • The FOMC is composed of the Board of Governors, which has seven members and five Federal Reserve Bank presidents.
  • The Committee has eight regularly scheduled meetings each year that are the subject of much speculation on Wall Street.
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