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14 posts on "FOMC"
January 7, 2013

Making a Statement: How Did Professional Forecasters React to the August 2011 FOMC Statement?

The Federal Open Market Committee (FOMC) statement released on August 9, 2011, was the first to incorporate language on “forward guidance” with an explicit date tied to the Committee’s expected path of monetary policy.

November 2, 2012

Historical Echoes: FOMC … “Minutes” by Minutes

Kathleen McKiernan Although the Federal Reserve was founded in 1913, the Federal Open Market Committee,  or FOMC, wasn’t created until passage of the Banking Act of 1933. Congress established the name and legal structure of the FOMC as a formal committee of the twelve Reserve Banks. In 1935, a System reorganization added the seven-member Board […]

Posted at 7:00 am in FOMC, Historical Echoes | Permalink | Comments (0)
October 1, 2012

Is U.S. Monetary Policy Seasonal?

Many economic time series display periodic and predictable patterns within each calendar year, generally referred to as seasonal effects.

July 11, 2012

The Puzzling Pre-FOMC Announcement “Drift”

For many years, economists have struggled to explain the “equity premium puzzle”—the fact that the average return on stocks is larger than what would be expected to compensate for their riskiness.

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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