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Glossary   >   S   >   "Shadow Open Market Committee - SOMC" Definition            Shadow Open Market Committee - SOMC A committee created by two university professors, from Rochester and Carnegie Mellon, in the early 1970"s. The committees purpose is to evaluate the policy and actions of the FOMC. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Shadow Open Market Committee - SOMC - A committee created by two university professors, from Rochester and Carnegie Mellon, in the early 1970"s. The committees purpose is to evaluate the policy and actions of the FOMC.