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The Federal Reserve System of the United States, referred to as the Federal Reserve, is responsible for performing the duties of the central bank of the United States. The system was established on 19 13 12/23 according to the Federal Reserve Act. The core management body of the Federal Reserve is the Federal Reserve Board of Directors. The Federal Reserve System of the United States consists of the Federal Reserve Board in Washington, D.C. and 65,438+02 regional federal reserve banks in major cities of China. Jerome Powell is currently the CEO of the Federal Reserve (Chairman of the Board of Directors of the Federal Reserve). As the central bank of the United States, the Federal Reserve obtains power from the United States Congress, and exercises duties such as formulating monetary policy and supervising American financial institutions.
The Federal Reserve's interest rate meeting is also known as the FOMC meeting, that is, the meeting of the Federal Open Market Committee. FOMC belongs to the Federal Reserve system, and its main task is to determine the monetary policy of the United States, so as to achieve the balance between economic growth and price stability through the adjustment of monetary policy. The main content of the meeting is to decide the future monetary policy, not only the interest rate, but also other policy decisions.
The interest rate meeting of the Federal Reserve paid special attention to two problems facing the economy: economic growth and inflation. If the interest rate is too high, economic growth may slow down, resulting in depression; On the other hand, low interest rates may make the economic growth rate exceed the potential of the economy itself, thus leading to inflation. Therefore, the monetary policy goal of the Federal Reserve's interest rate meeting is to seek a balance between economic growth and inflation, and set the interest rate target range according to this principle. The meeting usually lasts for one or two days, and the main topics discussed are: economic operation, financial market risks, monetary policy decisions, etc. Every time, economists from the Federal Reserve will present their research results.
In 20 18, the Federal Reserve will hold eight meetings as before. Of the eight meetings, March, June, September and 12 are still important. The above four months have a press conference of the chairman of the Federal Reserve, which is also a crucial month for raising interest rates. In addition, the meeting schedule in June165438+1October seems a little unusual: the meeting in June165438+1October 7-8 seems to be delayed by one day, from Tuesday to Wednesday to Thursday; This arrangement may be because the United States will hold mid-term elections on1October 6, 165438.
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About the Federal Reserve Web page link