the FOMC

The markets have been increasing pressure on him to say more, but he needs to take the FOMC with him.

Second, regardless of the risks of deflation, the FOMC will do all that it can to ensure continuation of the economic recovery.

The USD weakened following the FOMC meeting but did not suffer a particularly hard blow.

The FOMC's choice of a twist rather than a third round of quantitative easing shows that it is not immune to such pressure.

The FOMC fell short of a clear signal that its next move could be an interest rate cut, as markets now expect.

"We are not going to be moving dramatically tomorrow and until the FOMC decision on Wednesday, " Schlanger said.

The FOMC is committed to achieving medium-term price stability and will act as necessary to attain that objective.

Mr Bernanke has his colleagues' respect and, even if they disagree strongly, the FOMC is likely to follow him wherever he wants them to go.

That case is unlikely to be derailed despite opposition from some on the FOMC who feel that the risks of QE2 are too great.

It means that the FOMC had already discussed many of the important issues about QE2 before the November meeting at which it was launched.

It is easy to forget that as recently as January 1994, the FOMC did not even announce its interest rate target.

The FOMC has at least three broad options.

Against that backdrop, the FOMC decided to lower the target for the federal funds rate 50 basis points, to 3 percent.

The Fed essentially confirmed that in a statement following the FOMC meeting.

The FOMC is now aiming at a range rather than a level because of the difficulty of hitting the latter.

The FOMC has approved Fed's purchases of mortgage-related securities and how does that help with the plight of home owners?

I will also comment on a fourth strategy, proposed by several economists--namely, that the FOMC increase its inflation goals.

I will conclude by discussing and evaluating some policy options that the FOMC has at its disposal, should further action become necessary.

Finally, the FOMC indicated that the Treasury purchases would spur the economy by theirpositive impact on asset prices.

Under what conditions would the FOMC make further use of these or related policy tools?

First, the FOMC will strongly resist deviations from price stability in the downward direction.

Analysts expect the FOMC to provide more details about its plans to stabilize the financial system.

Parsing the FOMC's statement, of 150-odd words, is a skill that will go the way of cold war Kremlinology or programming in Cobol.

He has tallied three straight dissents against the FOMC's decisions to lower interest rates.

The FOMC voted for the decision by a majority of seven to three.

Elsewhere, gold remains fairly static post the FOMC meeting.

Notably, since December 2008, the FOMC has held its target for the federal funds rate in a range of 0 to 25 basis points.

The Usd was significantly weaker in the Asian session, as the FOMC cut rates by 75bp to 0. 25% in yesterday's meeting.

The FOMC adopted the resolution with a unanimous 10-0 vote.

Only five of the 12 bank presidents are voting members of the FOMC.

I see no support for this option on the FOMC.

I am in favor of making greater use of the FOMC's central tendency forecasts for communication.

There is little, if any, doubt that the FOMC will maintain interest rates at their current low target range of 0-0. 25 per cent.

The FOMC is next scheduled to meet in Washington June 22-23.