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What Is the FOMC? Inside the Two-Day Meeting That Sets the Price of Money

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What Is the FOMC? Inside the Two-Day Meeting That Sets the Price of Money What is the FOMC? It’s the twelve-person committee whose vote, announced at exactly 2:00 p.m. Eastern on the second day of its meetings, moves more money than any other scheduled event on Earth — repricing mortgages, credit cards, bonds, and stock … Read more

How the Fed Sets Rates: Inside the Meeting That Moves the World

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How the Fed Sets Rates: Inside the Meeting That Moves the World How the Fed sets rates is one of the most consequential processes in the global economy, and it happens in a room most people will never see. Eight times a year, a small group of officials sits down, debates the state of the … Read more