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Board of Governors of the Federal Reserve System
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Monetary Policy

Federal Open Market Committee

Photo of Board Room

Monetary policy is made by the Federal Open Market Committee (FOMC), which consists of the Board of Governors of the Federal Reserve System and the Reserve Bank presidents. The FOMC holds eight regularly scheduled meetings during the year, and other meetings as needed.  More information

Minutes of Federal Open Market Committee
July 24 and August 5, 2008:  252 KB PDF | HTML

2008 Committee Members

  Alternate Members

 
Last update: September 14, 2008