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Answered

The Federal Open Market Committee (FOMC) is composed of:

A. The members of the Board of Governors and the Reserve Bank presidents.
B. The members of the Board of Governors and the U.S. President.
C. The U.S. President and the Federal Reserve Bank presidents.
D. The Federal Reserve Bank presidents and the U.S. Secretary of the Treasury.



Answer :

GinnyAnswer

Final answer:

The FOMC is composed of Board of Governors members and Federal Reserve Bank presidents who make decisions on monetary policy.


Explanation:

The Federal Open Market Committee (FOMC) is composed of the seven members of the Federal Reserve Board of Governors and five of the 12 Federal Reserve Bank presidents. These members oversee open market operations which are the primary tool of U.S. monetary policy. The FOMC meets regularly to make decisions regarding monetary policy, including the rate of growth of the money supply and interest rates.


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