In This Chapter
The Beige Book and getting ready for the FOMC
The FOMC meeting statement is the Fed’s decision
The FOMC minutes explains the Fed’s decision
The Fed’s economic forecast
The big event for the Fed is the monetary policy decision at each meeting of the Federal Open Market Committee (FOMC) eight times a year. Three main Fed reports are part of that event, and in this chapter we’ll cover a lot about them. For instance, the Beige Book helps prepare the Fed for its decision, the “FOMC meeting statement” is that decision, and the “FOMC meeting minutes” are expected to explain how the decision was made.
The Beige Book is part of the Fed’s policy-making cycle. It is issued ...