At the Fed's FOMC press conference Wednesday, Fed Chairman Ben Bernanke discussed the progress of the too-big-to-fail program, the possibility of breaking up banks and where the FOMC's members see rates heading.
How Fed moves affect mortgage rates
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
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.
Board of Governors (Chairman)
Board of Governors (Vice-Chairman)
Board of Governors
Cleveland
Richmond
Atlanta
San Francisco