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.
The Federal Reserve's latest monetary policy episode was familiar and comforting.
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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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