Tue 29 00:00 to Wed 30 Jan 2013 23:59

US FOMC holds 2-day meeting on Interest Rates

  • By Bas Nieuwenhuizen
  • Last update: 2 years ago
  • Eccles Building, Washington, Washington, D.C., United States


Modern-day 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. If circumstances require consultation or consideration of an action between these regular meetings, members may be called on to participate in a special meeting or a telephone conference, or to vote on a proposed action by proxy. At each regularly scheduled meeting, the Committee votes on the policy to be carried out during the interval between meetings, requiring members to think ahead.

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