US fed funds rate rises to 0.10%, the highest level since August 20 = NY Fed
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The Fed has decided at the Federal Open Market Committee (FOMC) on the 15th to 16th to raise the excess reserve interest rate (IOER) and the overnight reverse repo interest rate by 5 basis points (bp) each.
[Reuters] -Federal Funds (FF) gold, the main policy rate of the US Federal Reserve (FRB) ... → Continue reading
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Federal Open Market Committee
Federal Open Market Committee(Renpokoukai Shijoiinkai,English: Federal Open Market Committee; FOMC) IsThe United States of America OfFinancial Policyone ofOpen market operations(Through government bond buying operations, etc.Financial institutionA committee that decides the policy of (regulating the supply and demand of funds).
FOMC is the United StatesCentral BankThe Fed (which should be calledFederal Reserve Board) 7 directors and each districtFederal Reserve BankIt is made up of five presidents,United States Federal GovernmentIt is the supreme decision-making body that decides monetary policy.It is held regularly about every 6 weeks, 8 times a year, and as needed.
The statement is on the last day of the FOMC (Eastern Standard Time (UTC-5) Announced at around 14:15), the minutes will be announced three weeks after the policy-making date (the final day of the FOMC), and will be announced for market participants in the future.United States Federal GovernmentIt is a clue to predict monetary policy in Japan.
The FOMC members as of July 2015, 7 are as follows:..The chairman is the Fed chairman, the vice chairman isFederal Reserve Bank of New YorkThe president serves.All members of the Fed are members other than the chairman and vice chairman.[Annotation 1]And four selected from the Federal Reserve Bank governors (11 banks excluding New York).Currently, there are two vacant seats in the Fed board post, so there are also two vacant seats in the FOMC committee post.In addition, we have adopted a rotation system in which the four Fed governors are selected by turning around every year, and the 4 Feds are divided into four groups and one person is selected from each group.[Annotation 2].
In addition, seven non-member Federal Reserve Bank governors can attend the meeting, but they do not have voting rights.In addition to the regular members, five "alternate members" (“Alternate Member” in English, no Japanese translation) have been selected for the Fed Governor's Frame...This member is always represented by the Fed's First Vice President on behalf of the Fed's Governor, but the other four slots are selected one by one from the above four groups...Currently, the pattern is that the Fed governor, who became an Alternate Member the previous year, will become a member of the next year.
- Jerome Powell(FRB Chair)
- Vice Chairman
- Committee member (FRB director)
- Lael Brainard(Former US Treasury Secretary）
- Stanley Fischer(Bank of IsraelFormer Governor）
- Jerome Powell(Carlyle GroupFormer executive）
- Daniel Tarullo(OriginalGeorgetown University Law Center教授）
- 2 vacant seats
- Member (Federal Reserve Bank Governor)
- Charles L. Evans(Chicago Federal Reserve BankGovernor)
- Dennis Rockheart(Federal Reserve Bank of AtlantaGovernor)
- Jeffrey M. Lacquer(Richmond Federal Reserve BankGovernor)
- John C. Williams(Federal Reserve Bank of San FranciscoGovernor)
- Deputy committee member
- James B. Bullard(Federal Reserve Bank of St. LouisGovernor)
- Esther George(Kansas City Federal Reserve BankGovernor)
- Loretta Mester(Cleveland Federal Reserve BankPresident）
- Eric Rosengren(Federal Reserve Bank of BostonGovernor)
- Michael Strine(Federal Reserve Bank of New York1st Vice President）
- ^ a b c d e Federal Open Market Committee (English) The official page of the FOMC.In addition to the 2015 members, the Fed Governor, who will be a member for the three years from 2016 to 2018, is shown here.
- ^ Fed: Lael Brainard(English)
- ^ Fed: Stanley Fischer (biography)(English)
- ^ Fed: Jerome H. Powell (Biography)(English)
- ^ Fed: Daniel K. Tarullo (biography)(English)
- ^ Cleveland Fed: Loretta J. Mester (biography)(English)
- ^ New York Fed: Michael Strine(English)
- Official website(English)
- "FOMC』- Koto bank
- "[US] Federal Open Market Committee (FOMC) announces post-completion policy rate --Details of economic indicators". Yahoo! Finance. 2021/6/18Browse.