A day in the life of the Federal Open Market Committee
The Federal Open Market Committee, the policy setting body of the Federal Reserve, meets eight times a year in D.C. to review economic and financial conditions and set monetary policy according to its goals of price stability and sustainable economic growth. The twelve-member FOMC is composed of seven members from the Board of Governors and rotates five of the 12 Reserve Bank presidents on the Committee.
The Philadelphia Fed recently published “A Day in the Life of the FOMC” meeting, where they talk about the mechanics of a meeting, background on monetary policy, and more. Read more about it here.