federal reserve

Breaking Fed news

In a surprise move, the Fed cut a key rate to 1.5 percent.

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. Its members are:

  • Ben S. Bernanke, Board of Governors, chairman
  • William C. Dudley, New York, vice chairman
  • Denise P. Lockhart, Atlanta
  • Donald L. Kohn, Board of Governors
  • Charles L. Evans, Chicago
  • Jeffrey M. Lacker, Richmond
  • Janet L. Yellen, San Francisco
  • Kevin M. Warsh, Board of Governors
  • Elizabeth A. Duke, Board of Governors

 

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Holden Lewis

Lock your mortgage rate now, before Fed makes its move

If you're scheduled to close your mortgage within a month or so, it's probably best to lock the interest rate, mostly for peace of mind.  ... Read more

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