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This was an emergency unscheduled meeting in response to a rapidly weakening economy, made in coordination with several other central banks around the world. Official statement: September 16, 2008 2.00% 2.25% 10-0 The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1
Short title: WIKILEAKS - Congressional Research Service - Federal Reserve Interest Rate Changes: 2000-2008, December 30, 2008: Image title: The Federal Open Market Committee (FOMC) decided at its scheduled meeting held on December 16 to lower the target rate for federal funds to a range from 0\% to ﾼ\% from 1\% set at its meeting of October 24, 2008.
2016 meeting of the Federal Open Market Committee at the Eccles Building, Washington, D.C. By law, the FOMC must meet at least four times each year in Washington, D.C. Since 1981, eight regularly scheduled meetings have been held each year at intervals of five to eight weeks.
The FOMC typically meets about every six weeks, culminating in about eight meetings a year. Broader economic events could, however, prompt the Fed to meet outside of its original schedule.
In the span of just about a year and a half, the Federal Open Market Committee (FOMC) ... Oct 8, 2008: Emergency meeting-50 basis points. 1.50 percent. Oct. 28-29, 2008-50 basis points. 1 percent.
The board of governors is one of three key pillars making up the broader Federal Reserve System, along with the 12 regional reserve bank presidents and the Federal Open Market Committee (FOMC).
Minutes of the 2008 US Federal Open Market Committee (FOMC) meeting at which the final decision was made show that members focused on countries with large holdings of U.S. dollar mortgage-backed securities, which might be tempted to dump them all at once if they lacked easier access to dollars, thereby forcing up mortgage rates and impeding ...
The report is published in advance of meetings of the Federal Open Market Committee. [2] Each report is a gathering of " anecdotal information on current economic conditions" by each Federal Reserve Bank in its district from "Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources."