The Federal Open Market Committee (FOMC) meets about every six weeks to assess the state of the
Question:
The Federal Open Market Committee (FOMC) meets about every six weeks to assess the state of the economy and to decide what actions the central bank should take. The minutes of this meeting are released three weeks after the meeting; however, a brief press release is made available immediately. Find the schedule of minutes and press releases at www.federalreserve.gov/fomc/.
a. When was the last scheduled meeting of the FOMC? When is the next meeting?
b. Review the press release from the last meeting. What did the committee decide to do about shortterm interest rates?
c. Review the most recently published meeting minutes. What areas of the economy seemed to be of most concern to the committee members?
Step by Step Answer:
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin