Federal Reserve

Janet Yellen | SAUL LOEB/AFP/Getty Images

US, global issues keep rates steady

Janet Yellen and her teammates at the Federal Reserve have been watching clouds forming over the domestic economy and storms brewing overseas. We translate their latest barometer reading to help you understand what's on the horizon for your money. Read more

Federal funds rate

The interest rate at which banks lend money to one another overnight to meet loan reserve requirements. The federal funds rate is a tool used by the Federal Reserve to control the supply of available money and hence, inflation and other interest rates.

Raising the rate makes it more expensive to borrow. That lowers the supply of available money, which helps keep inflation in check. Lowering the rate has the opposite effect.

How Fed moves affect mortgage rates

Click through the timeline below to see the effect the Fed's moves had on mortgage rates.

Fed History

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Blog

Sheyna Steiner

The Fed puts rates on ice

Instead of raising interest rates again, the Federal Reserve has chosen to chill.  ... Read more

The Federal Open Market Committee

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.

Janet Yellen

Board of Governors, Chair

William C. Dudley

Vice Chairman

Charles L. Evans

Chicago

Jeffrey M. Lacker

Richmond, Virginia

Dennis P. Lockhart

Atlanta

John C. Williams

San Francisco

Jerome H. Powell

Board of Governors

Daniel K. Tarullo

Board of Governors

Stanley Fischer

Board of Governors

Lael Brainard

Board of Governors

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Dr Don Taylor

Join the accredited investor club

the U.S. House of Representatives voted overwhelmingly (347-8) in early February to approve changing the definition of who is an accredited investor. An accredited investor is qualified to buy exempt securities -- securities not registered with the Securities and Exchange Commission.  ... Read more

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