The Federal Reserve has organized a Federal Open Market Committee (FOMC) and they conduct meetings in order to decide on some important factors. One such meeting was scheduled on June 22, 2010 and these meetings will be a 2 –day meet. This is the fourth meeting of the year and the fifth on overall consideration. It is the duty and responsibility of FOMC to set the government’s monetary policy and also determine the Fed Funds Rate. Fed Funds Rate is that at which the funds are borrowed by banks from each other. Continue Article...