Federal Open Market Committee
Federal Open Market Committee (FOMC) controls open market operations for the Federal Reserve. It consists of twelve members: seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.
The FOMC holds eight regularly scheduled meetings per year, where the members review economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
The FOMC holds eight regularly scheduled meetings per year, where the members review economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
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UPDATE: Twitter (TWTR) Extends Gains Amid Activist-Related Chatter
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Fed Drops 'Patient' on Rates
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REMINDER: FOMC Statement at 2:00PM ET
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A 'Patient'-Free Fed, But Definitely Not a Hawkish One
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30-Year Fixed Mortgage Rates Fall; Current Rate is 3.65%, According to Zillow Mortgage Rate Ticker
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CA Mortgage Rates End The Week Just Slightly Higher
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CD Rates See Slight Decline
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Janet Yellen Semiannual Monetary Policy Report to the Congress
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Yellen says Russia spillovers to U.S. likely to be small - FOMC press conf. (RSX)
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UPDATE: FOMC Says it Can be 'Patient' in Approach to Raising Rates

