The suspense is over. The first monetary policy statement from the Janet Yellen-led Federal Reserve is out and it sounds familiar. But what were the words that had everyone in the financial world on the edge of their seats this week? Read more
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
The Fed finds that the winter thaw has helped the economy rebound from cold-weather slowdowns.
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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
New York,Vice Chairman
Board of Governors
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