Answer :
The responsibility of the Federal Open Market Committee (FOMC) is Making decisions regarding monetary policy.
The Federal Open Market Committee (FOMC) has twelve members that can vote. Their primary responsibility include making decisions about monetary policy and overseeing market operations. Additionally, they determine the interest rates set by the FED as well as the interest rates that banks should charge for government funds.
The federal open market committee's main goal is to examine all open market operations across the country. It makes sure that government bonds can be bought and sold. It assesses the country's financial situation and decides on monetary policy. It searches for stable economic growth and examines the market's commodity prices.
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