View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Class III FOMC - Internal (FR)

AGENDA
FEDERAL OPEN MARKET COMMITTEE
Wednesday, June 29, 2005 at 2:00 p.m.
and continuing on
Thursday, June 30, 2005 at 9:00 a.m.

1. Selection of Richard T. Freeman as Associate Economist to serve until the selection
of a successor at the first regularly scheduled meeting of the Committee in 2006.
2. Special topic: Housing Valuations and Monetary Policy (see background paper
"House Prices and Monetary Policy: A Cross-Country Study" dated June 16, 2005
and package of presentations to be distributed before the meeting).
3. Foreign currency and domestic open market operations.
A. Report on foreign exchange market developments.
B. Report on domestic market developments and action to ratify the open market
transactions for the System account since the May meeting.
4. Economic situation.
A. Staff report (Chart Show).
B.

Committee discussion.

5. Current monetary policy.
A. Staff comments.
B.

Committee discussion.

C. Action to adopt directive.
6. Confirmation ofthe date for next meeting (Tuesday, August 9, 2005).