The Decisive Fed Meeting

Dimitri Speck

Chapter Chapter 20 in The Gold Cartel, 2013, pp 99-107 from Palgrave Macmillan

Abstract: Abstract Eight times a year the FOMC of the Federal Reserve Bank, which consists of 12 members, meets in order to discuss the situation and to decide on the height of its administered base interest rates. The members deliver brief expert presentations, questions are answered and debates take place. At the end a vote is held. Verbatim minutes of the meetings are recorded. After five years have passed, these minutes are made public. The systematic interventions in the gold market began on 5 August 1993. The last FOMC meeting prior to that date took place on 6 and 7 July 1993, about a month before.

Keywords: Interest Rate; Monetary Policy; Central Bank; Foreign Exchange Reserve; Gold Price (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1057/9781137286437_20

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