The Federal Reserve Bank of New York executes monetary policy operations for the Federal Reserve System.
November 21, 2025
high
operational
Describes the operational role of the New York Fed within the Federal Reserve System.
The Federal Open Market Committee (FOMC) is the Federal Reserve panel responsible for setting U.S. monetary policy, including decisions on the target federal funds rate.
high
institutional
Identifies the FOMC as the decision-making body for interest-rate policy in the United States.
The Federal Reserve System includes 12 regional Federal Reserve Banks and the Federal Open Market Committee (FOMC) is a 19-member committee that meets eight times a year to decide whether to change the key short-term interest rate that influences borrowing costs in the U.S. economy.
high
temporal
Describes the institutional structure and meeting cadence of the U.S. central bank's policy committee.