WASHINGTON (3/28/11)--The Federal Reserve on Friday announced the tentative 2012 meeting schedule for its Federal Open Market Committee (FOMC). The FOMC holds eight regularly scheduled meetings per year, at which the panel reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth. The meetings will take place on the following dates:
* January 24-25 (Tuesday-Wednesday); * March 13 (Tuesday); * April 24-25 (Tuesday-Wednesday); * June 19-20 (Tuesday-Wednesday); * July 31 (Tuesday); * September 12 (Wednesday); * October 23-24 (Tuesday-Wednesday); * December 11 (Tuesday); and * January 29-30, 2013 (Tuesday-Wednesday).
The FOMC consists of twelve members--the seven members of the Fed board; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.