In 2005, core inflation increased 1.9%, at the high end of the Fed's assumed target range of 1% to 2%. The FOMC has forecast core inflation will rise 2% in 2006 and ease to 1.75% to 2% next year.

Well, dissent at the Fed … that’s a tricky thing. In his 20 years as a member of the FOMC, Tom Hoenig said he can’t remember an FOMC meeting where anyone shouted or yelled at each other.

CBS MarketWatch.com Text of FOMC statement Published: Sept. 21, 2004 at 2:18 p.m. ET By CBS MarketWatch ...

The FOMC policy statement briefly outlines its current take on the state of the economy and what it is doing in the immediate term. It also provides forward-looking guidance through the end of the ...

The FOMC (Federal Open Market Committee) consists of 12 members -- seven members of the Board of Governors, the president of the New York Fed, and four of the remaining 11 Reserve bank presidents ...