Federal Open Market Committee (FOMC)

The Federal Open Market Committee adjourns from its two-day meeting this afternoon. The voting members are widely expected to lower the Fed Funds Rate by a half-percent to 0.500 percent, the lowest Fed Funds Rate in recorded history. Mortgage rates should rise in response. This is a...

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Parsing The Fed (October 29, 2008 Edition)

Translating The Federal Reserve's Announcement Into English (August 5, 2008)

While former Fed Chairman Alan Greenspan goes to the press in defense of his reputation, the Wall Street Journal's Greg Ip gets practical, talking about the Federal Reserve's options as the current credit crunch deepens. Cut the Fed Funds Rate?...