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Fed News   Fed announcement: April 30, 2008
  The Federal Reserve's Open Market Committee cut the federal  
  funds rate to 2 percent. How will this affect you?  
Table of contents

Breaking Fed news
 
The Federal Open Market Committee cut the target federal funds rate by a quarter point, to 2 percent. How will this affect you?
 
Federal Reserve announces quarter-point cut
Find out how the Fed's rate cut affects you. Read on
Translating what the Fed said
Do you speak Fed? Fear not, we'll translate what was said for you. Read on
Winners and losers after Fed rate cut
The Federal Reserve cut interest rates again. How will this affect your bottom line? Read on
How soon will it hit you?
The Fed cut interest rates. When will we feel it? Read on
Smart strategies after a Fed rate cut
Take advantage of the rate cut by the Federal Reserve with these money moves. Read on
Glossary
Get help understanding some economic lingo such as GDP, PCE, monetary policy and more. Read on

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:
  • Benjamin Bernanke, Board of Governors, chairman
  • Timothy F. Geithner, New York, vice chairman
  • Richard Fisher, Dallas
  • Donald L. Kohn, Board of Governors
  • Randall S. Kroszner, Board of Governors
  • Sandra Pianalto, Cleveland
  • Charles L. Plosser, Philadelphia
  • Frederic S. Mishkin, Board of Governors
  • Gary H. Stern, Minneapolis
  • Kevin M. Warsh, Board of Governors
  • Bankrate.com's corrections policy -- Posted: April 30, 2008
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