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Federal Reserve meeting on January 31, 2018

Federal Reserve, fed, USD, US Dollar, interest rate

Federal_Reserve, Fed, Us dollars, interest rate, inflationIn the meeting on January 31, 2018, the Federal Reserve (FED) has left the interest rate unchanged at 1.50%. You can download the complete Statement report and the last Economic Projections of December (both in pdf format) at the end of the article.

What is the FED?

The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve:

  • conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
  • promotes the stability of the financial system and seeks to minimise and contain systemic risks through active monitoring and engagement in the U.S. and abroad;
  • promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;
  • fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and
  • promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.

There are three key entities in the Federal Reserve System: the Board of Governors, 12 Federal Reserve Banks (Reserve Banks), and the Federal Open Market Committee (FOMC). The Board of Governors, an agency of the federal government that reports to and is directly accountable to Congress, provides general guidance for the System and oversees the 12 Reserve Banks. You can see the structure of the Federal Reserve in the picture below (from the Federal Reserve website).

Federal reserve, fed, usd, us dollar, interest rate

If you are interested, you can find all the previous Statements (press release) and Economic Projections on the Federal Reserve website. You find also the Minutes. You can check the meetings scheduled for 2018 of the world's leading Central Banks and the last Central Banks reports.

pdf, format, file, download Statement (press release)

pdf, format, file, download  Economic Projections

 

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