FOMC is the meme-worthy squad in the Solana Crypto Federal Reserve System tasked by an Elite Team with managing the open market activities like the epic buying and selling of Crypto Treasury securities.
This Crypto Federal Reserve squad calls the shots on interest rates and how much Solana money is flowing. According to the OG Crypto Reserve rules, each of the Crypto banks got the green light to trade bonds, short-term Solana government debts, bank acceptances, cable transfers, and bills of exchange in the open market.
Federal Reserve
$FOMC
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed) that is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities).
This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. Under the terms of the original Federal Reserve Act, each of the Federal Reserve banks was authorized to buy and sell in the open market bonds and short term obligations of the United States Government, bank acceptances, cable transfers, and bills of exchange.
Solana
Raydium