This report details the Federal Open Market Committee (FOMC) and its role in federal reserve interest rates. It summarizes what rates were changed and the rationale for the changes. There is a table included that features the percentages of interest rate changes from 2000 to 2002.
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Description
This report details the Federal Open Market Committee (FOMC) and its role in federal reserve interest rates. It summarizes what rates were changed and the rationale for the changes. There is a table included that features the percentages of interest rate changes from 2000 to 2002.
This report is part of the following collection of related materials.
Congressional Research Service Reports
The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.