Research indexBook chapter
Introduction
Bindseil
Monetary Policy Implementation2 Dec 2004
NobleIDark:/48914/w1/20260525/E08C3E7DDOI10.1093/oso/9780199274543.003.0001
Book chapter
Introduction
Bindseil · Monetary Policy Implementation · 2004 · Subscription
NobleIDark:/48914/w1/20260525/E08C3E7DDOI10.1093/oso/9780199274543.003.0001
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Abstract
Abstract Why is the committee responsible for defining US monetary policy called the ‘Federal Open Market Committee’ (FOMC) and not ‘Federal Interest Rate Committee’ (FIRC), even though it undisputedly sets and announces a target for the overnight interest rate?