Why are some FOMC meetings scheduled for two days?
This Web site is the official online resource of the Federal Open Market Committee (FOMC), the monetary policymaking body of the Federal Reserve System that is responsible for formulation of a monetary policy designed to promote economic growth, full employment, stable prices, and international trade and payments that are sustainable. Learn who the members of the FOMC are, when the next FOMC meeting is, and how to access minutes and transcripts of FOMC meetings.
The FOMC meets eight times a year, usually for one day. The meetings in January-February and June-July are two-day meetings. At the two-day meetings, the FOMC members and the nonvoting Federal Reserve Bank presidents provide individual, longer-run projections of the real and nominal growth of the gross domestic product, the rate of unemployment, and the rate of inflation for the current year and the year ahead. The central tendencies of the projections are included in the Monetary Policy Report delivered to Congress each February and July. At the two-day meetings, the FOMC also considers longer-run strategies for monetary policy and, at the first meeting of the year, deals with administrative matters.
The FOMC meets eight times a year, usually for one day. The meetings in January-February and June-July are two-day meetings. At the two-day meetings, the FOMC members and the nonvoting Federal Reserve Bank presidents provide individual, longer-run projections of the real and nominal growth of the gross domestic product, the rate of unemployment, and the rate of inflation for the current year and the year ahead. The central tendencies of the projections are included in the Monetary Policy Report delivered to Congress each February and July. At the two- day meetings, the FOMC also considers longer-run strategies for monetary policy and, at the first meeting of the year, deals with administrative matters.
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