"policy setting" is correct and can be used in written English.
It is usually used to refer to the process of determining policies, regulations, or standards. For example: "The policy setting meeting will take place next Tuesday to discuss the new budget regulations."
Many employers have a compassionate leave policy setting out your entitlements.
The Federal Open Market Committee (FOMC) – the Fed's policy setting committee – reiterated its commitment to leaving rates on hold in the coming months, despite a brighter economic backdrop.
PAGE B1 DOLLAR GOES INTO SLIDE The Federal Reserve's adoption of a policy setting its key interest rate near zero sent the dollar into a slide.
In an earlier column, I discussed one of economists' favorite examples of such a policy: setting a target for the path of nominal gross domestic product.
Moreover, the government's refusal to clarify its European policy setting out a coherent prospectus for EU membership is further eroding business confidence.
As a Bank official once explained to me, it has been an "extreme policy setting".
The Federal Reserve will meet for a two-day policy-setting meeting (Tuesday and Wednesday).
Stocks wavered and closed lower today as investors weighed the minutes from the Federal Reserve's July policy-setting meeting.
Dealers said a major Federal Reserve policy-setting meeting scheduled for today kept most traders on the sidelines.
PARIS — Euro-area finance ministers appear ready to reappoint Jean-Claude Juncker, Luxembourg's prime minister, next week to lead their main policy-setting group, officials said Tuesday.
The Fed convenes next Tuesday at this year's final policy-setting meeting.
