Federal Open Committee

Federal Open Committee
It is the team that has madeFederal Reserve of US that helps in controlling the supply of cash with the help of market operations. This committee was established in 1913when Reserve Act offered Fed a responsibility over the monetary policy of USin reply to the financial panic. This market committee calculates the financial and economic condition of the nation and finds the perfect monetary policy with the help of market operations. The main aim of this market committee is to regulate the inflation of the country. It does this by setting the targets of inflation. It ensures that it meets the target by creating a target for Federal rate also. This committee includes 12 members.