Federal Open Market Committee

The Federal Open Market Committee is in charge of the U.S. monetary system, determining interest rate levels and appropriate changes to the money supply. The Federal Open Market Committee conducts open-market operations, buying and selling U.S. Treasuries to affect interest rates. The Federal Open Market Committee also targets the federal funds rate, which is the interest rate that commercial banks pay for lending to one another.


I’ve been writing in the pages for weeks on how economies worldwide are slowing and how this will affect the earnings of the major U.S. corporations. Yesterday, the fears came to fruition for stock markets. The Dow Jones Industrial Average…

I have never seen anything like this… In its most recent Federal Open Market Committee meeting, which concluded yesterday, the Federal Reserve announced that it would extend its near-zero interest rates policy until at least the end of 2014—further down…

The Federal Reserve just met for its Federal Open Market Committee meeting and I can tell you I was more nervous after reading the Fed statement than before. It became clearer the Fed is quite nervous about the condition of…