The Federal Open Market Committee meets eight times a year to maintain or change policy. A vote to change policy will result in

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Social Studies

Aylin Simmons

6 June, 05:37

The Federal Open Market Committee meets eight times a year to maintain or change policy. A vote to change policy will result in

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Answers (1)

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Luz Underwood · Answer 1

The correct answer is that a vote to change policy will result in a change in the short-term interest rate.

The FOMC is responsible for the large scale macroeconomic policy of the US and in that role is responsible for making adjustments to the interest rate to keep the country's economy stable.