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Fed News   Fed announcement: June 25, 2008
  The Federal Reserve's Open Market Committee announced today that it will leave  
  the federal funds rate at 2 percent. What does this mean for you?  
Table of contents

Breaking Fed news
 
Today the Federal Open Market Committee decided to leave the target federal funds rate at 2 percent.
 
Federal Reserve announces it will stay put on rates
Find out how the Fed's decision will affect you and the economy. Read on
Winners and losers after Fed decision
The Federal Reserve kept rates as is after a long rate-cutting spree. How will this affect your bottom line? Read on
Translating what the Fed said
Do you speak Fed? Fear not, we'll translate what was said for you. Read on
Smart money strategies
Find out how to take advantage of the Federal Reserve's decision to stand pat with these money moves. Read on
Glossary
Get help understanding some economic lingo such as GDP, PCE, monetary policy and more. Read on

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
  • Richard W. Fisher, Dallas
  • Donald L. Kohn, Board of Governors
  • Randall S. Kroszner, Board of Governors
  • Sandra Pianalto, Cleveland
  • Charles I. Plosser, Philadelphia
  • Frederic S. Mishkin, Board of Governors
  • Gary H. Stern, Minneapolis
  • Kevin M. Warsh, Board of Governors
  • Bankrate.com's corrections policy -- Posted: June 25, 2008
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