The committee is not.
The FOMC is the meeting of the Federal Committee.
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 main part of the meeting is to decide on future monetary policy, not just interest rates, but other policies as well.
The Fed meeting focused specifically on two issues facing the economy: growth and inflation.
If interest rates are too high, growth may slow, leading to a depression;
On the other hand, low interest rates can cause the economy to grow beyond its own potential and lead to inflation.
Therefore, the monetary policy objective of the Fed’s interest rate meeting is to seek a balance between economic growth and inflation, and to set the target range for interest rates according to this principle.
