FEDERAL RESERVE MONITOR
THE FEDERAL OPEN MARKET COMMITTEE is the policy-setting panel of the Federal Reserve. Its voting members are the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York and four of the remaining eleven Federal Reserve Bank presidents, in one-year rotations.


Most Recent Meeting: January 26

The FOMC, whose primary goals are to foster growth and job creation and restrain inflationary pressure, controls two short-term interest rates:

Federal-Funds Rate -- The interest rate banks charge each other for overnight loans.

Discount Rate -- The primary credit rate for lending directly to banks and other depositary institutions. Find out more.

After an FOMC meeting a statement is issued on whether inflation or weakness is the greater economic risk, or whether risks are balanced.
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