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Unscheduled fed meeting Monday? Hmmm.

Baseball_Fan
in Fund Discussions
Closed Board Meeting on October 3, 2022
Government in the Sunshine Meeting Notice
Advanced Notice of a Meeting under Expedited Procedures

It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, October 3, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call. The following items of official Board business are tentatively scheduled to be considered at that meeting.

Meeting Date: Monday, October 3, 2022

Matter(s) to be Considered:

Comments

  • yogibearbullyogibearbull
    Fed closed board meeting under expedited procedures are routine. Other federal agencies also hold meetings under expedited procedures. The expedited procedures are related to Congressional notification and/or Congressional approval/disapproval of agency actions. Remember that the Fed regulates banks.
    https://www.fedsearch.org/board_public/search?text="expedited+procedures"&Search=
  • hank
    edited September 2022
    If there were anything to it, Bloomberg would have been all over it. (They weren’t).

    Than again, things are unraveling quickly. Should some ancillary damage along the lines of what the UK experienced show itself - who knows? DJI was positive today, than flattish, and than went into a suicide dive 30 minutes before the close, ending down over 500 points at 28,725 - a far cry from the 37,000 (or thereabouts) highs reached earlier this year.

    A buyers’ paradise, as long as you don’t run out of money.:)

    Interesting story in Reuters about record cash inflows into the Federal Reserve Reverse Repo Facility. (Heard first on Bloomberg).
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