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Q: Federal Reserve meeting schedule ( Answered 5 out of 5 stars,   3 Comments )
Question  
Subject: Federal Reserve meeting schedule
Category: Miscellaneous
Asked by: lizabeth222-ga
List Price: $2.00
Posted: 10 Aug 2004 16:45 PDT
Expires: 09 Sep 2004 16:45 PDT
Question ID: 386136
When are the Federal Reserves regularly scheduled meetings?
Answer  
Subject: Re: Federal Reserve meeting schedule
Answered By: googlenut-ga on 10 Aug 2004 20:00 PDT
Rated:5 out of 5 stars
 
Hello lizabeth222-ga,

According to Federal Reserve Board website, ?The Board of Governors
meets regularly, typically every other Monday. The public is invited
to attend meetings that are open under the Government in the Sunshine
Act.?

Federal Reserve Board 
Board Meetings
http://www.federalreserve.gov/boarddocs/meetings/



For information on how to receive announcements of the open meetings
and how to attend, see:

Federal Reserve Board 
Government in the Sunshine
A Guide to Meetings of the Board of Governors of the Federal Reserve System 
http://www.federalreserve.gov/boarddocs/meetings/sunshine.htm




The Federal Reserve Board, Federal Open Market Committee (FOMC) holds
eight regularly scheduled meetings during the year, and other meetings
as needed.  You can see a calendar of FOMC meetings and more
information about the FOMC at the following page:


Federal Reserve Board 
Monetary Policymaking
Federal Open Market Committee
http://www.federalreserve.gov/FOMC/default.htm



I hope you have found this information helpful.  If you have any
questions, please request clarification prior to rating the answer.

Googlenut



Google Search Terms:

federal reserve
://www.google.com/search?hl=en&ie=ISO-8859-1&q=federal+reserve

Request for Answer Clarification by lizabeth222-ga on 12 Aug 2004 10:19 PDT
Thank you.  It seems as if certain meetings gain greater attention due
to impending rate hikes.  Are there any meetings in particular that
specifically consider the raising of rates?  I thought they they have
had "emergency" meetings which strikes me odd if they meet every 2
weeks.

Clarification of Answer by googlenut-ga on 12 Aug 2004 17:08 PDT
Hello lizabeth222-ga,

I'm not an expert on the Federal Reserve, but I believe that the rate
hikes, such as the one this week are usually done by the Federal Open
Market Committee (FOMC), which only has 8 regularly scheduled meetings
a year. They are probably the ones that have the emergency meetings. 
The Board of Governors meets every 2 weeks.

I usually hear speculation about upcoming rate changes on CNBC. 
That's probably a good place to get an idea if a rate change is
expected.  Other business media also has this type of information (see
the link below).

Googlenut


Reuters.com
Fed Raises Rates, More Hikes Seen Likely
Tue Aug 10, 2004 06:33 PM ET  
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5928723
"The U.S. Federal Reserve on Tuesday raised interest rates another
quarter of a percentage point to head off potential inflation, saying
the economy had been hit by energy costs but was poised for faster
growth.

The unanimous decision by the policy-setting Federal Open Market
Committee moves the benchmark federal funds rate, charged on overnight
loans between banks, to 1.5 percent."

---

"Financial markets saw a rising likelihood of more rate hikes as early
as the next FOMC meeting on Sept. 21 in light of the Fed's
reassurances, although incoming data, including August job figures out
Sept. 3, could change that picture."
lizabeth222-ga rated this answer:5 out of 5 stars and gave an additional tip of: $2.00
The answer provided a "quick" answer but also gave additional links
for further study. The answer was similar to "teaching a person to
fish, rather than just giving the fish".

Comments  
Subject: Re: Federal Reserve meeting schedule
From: psychopoet-ga on 10 Aug 2004 20:23 PDT
 
Hey Googlenut,

What is the "Goverment in the Sunshine Act" and what does it state?
Subject: Re: Federal Reserve meeting schedule
From: googlenut-ga on 11 Aug 2004 12:57 PDT
 
Hello psychopoet,

Sunshine Laws require that government agencies conduct their meetings
as openly as possible.  The federal government passed the Government
in the Sunshine Act in 1976.

You can read the text of it here.

THE GOVERNMENT IN THE SUNSHINE ACT
5 U.S.C.  552b
http://www.usdoj.gov/04foia/gisastat.pdf



You can read more about Sunshine Laws and the Government in the
Sunshine Act at the following links:

Everything2.com
Sunshine Laws
http://www.everything2.com/index.pl?node_id=1157874&lastnode_id=1161137


Everything2.com
Government in the Sunshine Act
http://www.everything2.com/index.pl?node=Government%20in%20the%20Sunshine%20Act


Googlenut
Subject: Re: Federal Reserve meeting schedule
From: googlenut-ga on 12 Aug 2004 17:38 PDT
 
lizabeth222-ga,

Thank you for the 5-star rating, the tip and nice comments. I'm glad
you found my answer helpful.

Googlenut

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