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Fed Alert   Announcement: March 21, 2007
  The Fed raised the target federal funds rate 17 times in a row, a quarter-point each  
  time, from June 2004 to June 2006. It has held short-term rates steady since then.  
Fed Alert


Will rates fall or remain relatively unchanged? This week our experts and the Bankrate analysts provide their insights.

Sign up for the Fed alert

Top Fed news
  • Fed stands pat a 6th time
    The Fed keeps the federal funds rate at 5.25 percent.
  • Translating the Fed
    Do you speak Fed? Fear not, we'll translate what was said.
  • Winners and losers
    Find out whether the Fed's actions make you a winner.
  • Fed Outlook blog
    Bankrate's Greg McBride blogs on the actions of the Fed.
  • Figuring out the Fed
    What is your Fed IQ? Take our quiz to find out.

    The Federal Open Market Committee

    The Federal Open Market Committee
    The rate-setting Federal Open Market Committee meets at least eight times a year. Its members include the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and a rotating selection of presidents of the other 11 reserve banks. Its members are:
  • Benjamin Bernanke, Board of Governors, chairman
  • Timothy F. Geithner, New York, vice chairman
  • Thomas M. Hoenig, Kansas City
  • Donald L. Kohn, Board of Governors
  • Randall S. Kroszner, Board of Governors
  • Frederic S. Mishkin, Board of Governors
  • Cathy E. Minehan, Boston
  • Frederic S. Mishkin, Board of Governors
  • William Poole, St. Louis
  • Kevin M. Warsh, Board of Governors
  •    

     RESOURCES
    Fed keeps rates steady
    Weekly e-mail newsletters
    Quiz: Do you know your Fed?
     TOP PERSONAL FINANCE STORIES
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