Fed Chair Janet Yellen and her colleagues have said "toodles" to a stimulus program but are sticking with teeny-weeny interest rates. Well, those aren’t quite the words that central bankers used. See what they said and what it all means. Read more
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
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Fed policymakers apparently spent considerable time hashing over the words "considerable time."
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The rate-setting Federal Open Market Committee meets at least eight times a year. Its members include the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and a rotating selection of presidents of the other 11 reserve banks.
Board of Governors, Chair
Board of Governors
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