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Monetary Policy
Monetary policy is made by the Federal Open Market Committee, which consists of the Board of Governors of the Federal Reserve System and the Reserve Bank presidents.
item  Policymaking
- Federal Open Market Committee
item  Policy tools
- Open market operations
- The discount rate
- Reserve requirements
item  Reports
- Monetary Policy Report to the Congress
Semiannual review by the Board
- Beige Book
Informal survey by the Federal Reserve Banks of current economic conditions in their Districts
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Last update: January 3, 2006