ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The FOMC is responsible for setting monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates. The FOMC Meeting schedule meets eight times per year to discuss economic conditions and make decisions on monetary policy.

Detailed explanation-2: -The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.

Detailed explanation-3: -Meeting calendars, statements, and minutes (2018-2023) The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. Links to policy statements and minutes are in the calendars below.

Detailed explanation-4: -The FOMC meets eight times a year, holding a meeting once every six weeks. The committee can meet on an emergency basis if economic events get out of hand and the Fed believes it needs to act before the next scheduled meeting. Here are the dates of the 2023 scheduled Fed meetings: January 31 to February 1, 2023.

Detailed explanation-5: -This month March 2023, Fed will meet on March 22. The next Fed meeting in the new year will be May 3. 2023. In 2023, Fed will not provide any rate announcements in January, April, August, and October.