The Federal Reserve this week may say more about cooling quantitative easing, which is keeping interest rates low and acts as a boon for borrowers and a headache for savers. Investors are also eyeing the FOMC’s forecasts on unemployment, inflation and interest rates.
How Fed moves affect mortgage rates
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
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 (Chairman)
New York(Vice-Chairman)
Board of Governors
Chicago
Kansas City, Mo.
Boston
St. Louis