Posts by Federal Reserve (old posts, page 10)

Federal government offices in Washington, D.C., are closed due to inclement weather.

The Federal Open Market Committee will meet as planned. The FOMC statement will be released as scheduled at 2 p.m. EDT, and the Chairman's news conference will start at 2:30 p.m. EDT. The Federal Reserve Board plans to issue the following releases as scheduled:Selected Interest Rates - H.15All other previously scheduled releases for Wednesday, March 21 will be postponed until the next business day government offices are open.

Change to exchange rate for Venezuela

Venezuela's government recently changed its official exchange rate system. The changes in the exchange value of the Venezuelan Bolivar against the U.S. dollar on February 5 and 7 reflect this adjustment. The February 5 change accounts for a significant portion of the rise in the OITP and Broad dollar indexes that day.