FOMC

It will continue to assess the economic outlook in light of incoming information and is prepared to employ these tools as appropriate.

In a Federal Open Market Committee meeting, he conceded there was an equity bubble but declined to do anything about it.

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

Some members of the rate-setting open market committee noted that this "could be an effective way to reduce longer-term interest rates" .

This no doubt played a key role in the latest FOMC statement, which highlighted the upward risks to inflation and downward risks to growth.

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.

Much will depend on the key events in the US this week including the Fed FOMC meeting and the President's State of the Union speech.

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

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.

Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow.

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

FOMC The body that sets the interest rate and credit policies of the Federal Reserve System.

One important precondition is the perceived risk, as seen by the Federal Open Market Committee FOMC of the US Federal Reserve, of inflation.

The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings.

The Committee discussed the range of policy tools available to promote a stronger economic recovery in a context of price stability.

FOMC participants indicated that these developments had been broadly consistent with their expectations .

The latest move in the Federal Reserve's glasnost will be a press conference after today's meeting of the Federal Open Market Committee.

"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.

After September's Federal Open Market Committee meeting which formally revealed "Operation Twist" , the sell-off in risk assets accelerated.

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 US dollar was mixed amid positive economic data and an FOMC statement that was largely unchanged from the prior statement.

By contrast, FOMC hawks who favour earlier tightening believe the Fed should act against higher headline inflation.

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

Participants at FOMC meetings consist of members of the Board of Governors and all Reserve Bank presidents.

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?

But the rest of the powerful Federal Open Market Committee will be harder to win over.

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

Today four members of the Federal open market committee will deliver prepared remarks.

Some FOMC doves remain concerned about risks to growth, especially the cost to consumers from high oil prices .

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.

Indeed, they have occupied a significant portion of recent [Federal Open Market Committee] meetings.

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.

As the 'QE2' debate continues, it is likely that markets may be range bound ahead of next week's FOMC meeting.

RATE FUTURES: Fed fund futures are little changed, suggesting about a 14 percent chance of September FOMC rate hike.

Also that day, the text of minutes from the meeting of the Federal Open Market Committee on January 29-30 will be released.

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

The unanimous decision came at a meeting of the Fed's Open Market Committee on March 18th.

In addition, the Committee will maintain its existing policy of rolling over maturing Treasury securities at auction.

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

But the statement by the Fed's Open Market Committee ultimately did nothing to change investor expectations.

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 cut leaves the rate on overnight loans between banks at 2 percent, the lowest since 1961.

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.

In the near term the focus will be on US FOMC meeting minutes due up at 18: 00GMT.

FOMC , The Federal Open Market Committee