Federal Reserve

Janet Yellen © YURI GRIPAS/Reuters/Corbis

The Fed inches closer to a rate hike

Federal Reserve Chair Janet Yellen and her rate-setting team are keeping interest rates near zero, but they indicate the economy may not need that strong medicine much longer. See why Yellen says central bankers believe higher rates are likely later this year. Read more

How Fed moves affect mortgage rates

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

QE Tapered QE3 Begins QE2 Ends QE2 Begins QE1 Ends QE1 Begins 2008 financial crisis

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Mark Hamrick

Podcast: Get ready for rising rates?

Hear how to prepare your pocketbook for the Fed's approaching date with higher interest rates.  ... 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

Richard W. Fisher

Dallas

Narayana Kocherlakota

Minneapolis

Charles I. Plosser

Philadelphia

Loretta Mester

Cleveland

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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Blog

Dr Don Taylor

No-brainer plan: Invest more, spend less

Investing is for the intermediate to long-term financial goals, like investing for a young child's college education or meeting your income needs in retirement, especially for those who are in the early to middle years of their career.  ... Read more

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