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Today, the Federal Reserve issued the Federal Open Market Committee (FOMC) statement after its meeting. This information is highly anticipated because it clarifies the stance of monetary policy in the future. After each the FOMC meetings, the Chairperson of the Fed gives press conference. We will discuss monetary policy in many details later, but I think it would be a good idea to review the FOMC statement and watch Janet Yellen’s press conference now. Please visit the website of the Federal Reserve Board at http://federalreserve.gov/. You will see the video of the press conference on the right hand side of the page. To read the FOMC statement, you can click on the link “Federal Reserve issues FOMC statement” on the left.
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