The meeting is also called the Federal Council meeting.
The Federal Open Market Committee is part of the Federal Reserve System.
Its main task is to determine the United States, and through policy adjustment to achieve a balance between economic growth and price stability.
The Fed’s interest rate meetings are mostly about determining future monetary policy, not just interest rates, but other policies as well.
The monetary policy goal of the Fed’s interest rate meeting is to seek a balance between economic growth and inflation, and to set a target range for interest rates based on this principle.
The meetings usually last one or two days and focus on the economy, financial market risks and monetary policy decisions.
Each time, Fed economists present their findings.
