How do banks get money from the Federal Reserve? Follow the loan process from the Federal Reserve down to banks and finally to consumers. This is part three of five.

Find out the role the Federal Open Market Committee (FOMC) plays in the Fed monetary policy for the U.S. and understand why the FOMC is a target for the federal funds rate in this video presentation.

Officials for the Federal Reserve system discuss why it is important to have individuals with different perspectives to serve on the Federal Open Market Committee (FOMC). [2:43]