Federal Reserve

Janet Yellen © JONATHAN ERNST/Reuters/Corbis

The Fed keeps a rate hike on hold

Janet Yellen and her fellow Federal Reserve policymakers threw a Halloween week get-together and chose not to put away the punch bowl of record-low interest rates. Are they likely to end the party any time soon? See if their statement contained any clues. 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

Safe & Sound

Is your money safe?
5-stars or 1-star?

See your bank, thrift or credit union's star rating. Find one that's safe enough for you.

See star ratings explanation Start Search Now


Mark Hamrick

Fed hungry for a rate hike

Minutes from the last Fed meeting provide more evidence that a rate hike is coming next month.  ... 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


Jeffrey M. Lacker

Richmond, Virginia

Dennis P. Lockhart


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

          Connect with us


Dr Don Taylor

Alts in a time of low interest rates

Alternative investments are assets classes other than stocks, bonds and cash.  ... Read more

Partner Center

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Connect with us