What Is the FOMC? Who Are the Members of the FOMC

question 220

Essay

What is the FOMC? Who are the members of the FOMC? What policy does the FOMC decide?

---

Definitions:

Semi-Annually

Occurring twice a year, typically every six months, often used in the context of payments, interest calculations, or reporting periods.

Compounded Quarterly

An interest calculation method where interest is added to the principal sum of a deposit or loan every quarter, so that each subsequent interest calculation is made on the principal plus previously added interest.

Compounded Quarterly

The process where interest is calculated and added to the principal balance every quarter, allowing the interest to earn interest in subsequent periods.