In a surprise move, the Fed cut a key rate to 1.5 percent.Fed rate cut winners and losers The Federal Reserve cut the federal funds rate. How will this affect your bottom line?Smart money moves after the Fed Take advantage of the action by the Federal Reserve with these money moves.How soon will it hit you? The Fed cut rates today, but when will your finances feel it?Fed Outlook Greg McBride explains why the Fed and other central banks around the world made a surprise cut.Glossary Get help understanding some economic lingo such as GDP, PCE, monetary policy and more.Video: Fed rate cut and you Greg McBride explains the Fed rate cut and how it affects you.The Federal Open Market CommitteeThe 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, chairmanWilliam C. Dudley, New York, vice chairmanDenise P. Lockhart, AtlantaDonald L. Kohn, Board of GovernorsCharles L. Evans, ChicagoJeffrey M. Lacker, RichmondJanet L. Yellen, San FranciscoKevin M. Warsh, Board of GovernorsElizabeth A. Duke, Board of Governors advertisementRelated Links:Fed to buy mortgagesFOMC meeting ends todayReaders rant on housingRelated Articles:Fed's bold movesFed keeps rates near zeroWhat the Fed said
In a surprise move, the Fed cut a key rate to 1.5 percent.
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:
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