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

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement

Blog

Mitch Strohm

Mortgage rates for Tuesday, May 3

Mortgage rates mostly fell today. Borrowers with excellent credit typically get a better-than-average rate.  ... Read more

advertisement

Connect with us