the Federal Open Market Committee
noun
FINANCE,GOVERNMENTukus(abbreviationthe FOMC)agroupof twelvepeoplewho areresponsiblefor makingdecisionsrelatingtointerestandcreditratesfor theFederal Reserve System:
Recentratedecisionsby the Federal Open Market Committee have beenbasedon the need tobalancetherisksforgrowthandinflation.