Committee Quote by Janet Yellen

“Setting monetary policy is the job of the Federal Open Market Committee (FOMC), composed of the seven members of the Board of Governors in…

— Danielle DiMartino Booth

“As a reminder, among other things, the FOMC sets the fed funds interest rate, the rate at which commercial banks lend reserve balances to…

— Danielle DiMartino Booth

The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace.

— Jerome Powell

I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we…

— Janet Yellen

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term…

— Ben Bernanke

The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives…

— Wright Patman

I think the actions taken by the (rate-setting) Federal Open Market Committee have been the appropriate actions. And I assume we will continue to…

— Bill Vaughan

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

— Jerome Powell

The Congress has tasked the Federal Reserve with achieving stable prices and maximum employment - the dual mandate.

— Jerome Powell

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants…

— Ben Bernanke

I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee process where…

— Urjit Patel

The O.M.B. director puts together the budget. It handles every executive order. It is the clearing house for every single federal regulation. It has…

— Mick Mulvaney