Chair Janet Yellen and the Fed have a convoluted language all their own. We decipher their latest take on the economy. Read more
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
Some Fed policymakers are getting itchier to raise rates as the economy moves "Closer to Fine."
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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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