Birdwatching at the Federal Reserve
Read my Oxford University Press blog post on the changing membership of the Federal Reserve’s policy-making body, the Federal Open Market Committee, and the consequences for US interest rates.
Federal Open Market Committee (FOMC)
Don’t panic: it’s October
Read my last Oxford University Press blog post on the Fed’s decision not to raise interest rates in their September meeting.
Changing the rules at the FOMC
Representative Barney Frank (D-MA) has introduced a measure that would change the membership of the Federal Open Market Committee (FOMC), the group within the Federal Reserve that sets short-term interest rates by intervening in the federal funds market. The FOMC currently consists of the seven members of the Board of Governors of the Federal Reserve … Read more