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Furthermore, 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. The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision. Committee membership changes at the first regularly scheduled meeting of the year. FOIA The FOMC makes an annual report ... This aspect of The Fed Live Video Federal Reserve Board plays a vital role in practical applications.
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Furthermore, the term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The Federal Reserve controls the three tools of monetary policy-- open market ... This aspect of The Fed Live Video Federal Reserve Board plays a vital role in practical applications.
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