Describe the Structure of the Fed's Open Market Committee (FOMC)

question 3

Essay

Describe the structure of the Fed's Open Market Committee (FOMC).What is this committee's primary responsibility?

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Definitions:

Hormones

Chemical substances, secreted by organs called glands, that affect the functioning of other organs.

Left Hemisphere

The left side of the brain, responsible for controlling the right side of the body and functions such as speech and analytical thinking.

Positive Emotions

Emotions that are experienced as pleasant or desirable, such as joy, gratitude, love, and happiness.

Polygraph

A polygraph, commonly known as a lie detector test, measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the subject is asked and answers a series of questions.