Features

Federal Reserve issues FOMC statement January 25, 2012

Watch the FOMC Press Conference The January 25, 2012 press conference with Chairman of the FOMC, Ben S. Bernanke is now available on demand. Projections Materials (PDF)

Longer-Run Goals and Policy Strategy January 25, 2012

Maturity Extension Program and Reinvestment Policy September 21, 2011

Credit and Liquidity Programs and the Balance Sheet Expands information provided about the policy tools the Federal Reserve has employed to address the financial crisis. Includes a detailed explanation of the Federal Reserve's balance sheet, discussion of Federal Reserve risk-management practices, and information on the types and amounts of collateral being pledged at various lending facilities.

Federal Open Market Committee

Monetary policy is made by the Federal Open Market Committee (FOMC), which consists of the members of the Board of Governors of the Federal Reserve System and five Reserve Bank presidents. The FOMC holds eight regularly scheduled meetings during the year, and other meetings as needed. More information

2012 Committee Members

• Ben S. Bernanke, Board of Governors, Chairman
• William C. Dudley, New York, Vice Chairman
• Elizabeth A. Duke, Board of Governors
• Jeffrey M. Lacker, Richmond
• Dennis P. Lockhart, Atlanta
• Sandra Pianalto, Cleveland
• Sarah Bloom Raskin, Board of Governors
• Daniel K. Tarullo, Board of Governors
• John C. Williams, San Francisco
• Janet L. Yellen, Board of Governors

Alternate Members

• James Bullard, St. Louis
• Charles L. Evans, Chicago
• Esther George, Kansas City
• Eric S. Rosengren, Boston
• Christine M. Cumming, First Vice President, New York