US moves on monetary policy Bitcoin and crypto coins Investors have one eye on the US Federal Reserve, as it is closely related.
As you know, the FED’s next FOMC meeting will be held on March 15-16.
Meeting will be held on February 14
A calendar update for the FED to reconvene on February 14, 2022 caused the perception that “FED is meeting extraordinarily”.
An Ordinary Meeting
So, is this an extraordinary meeting to be held after the high inflation figures announced yesterday?
We can say that the answer to this is unequivocally no. Because, apart from the 8 eight meetings (FOMC meetings) that are regularly scheduled in a year, the FED holds regular meetings once or twice a month.
We observe that these general assembly meetings, which are held once or twice a month, are held in a closed manner and with a specific agenda item.
It has met before with the same agenda
When we look at the calendar of the meetings held before February 14, we observe that they usually take place twice a month. We see that the first closed meeting for February will take place on February 14.
The agenda item of the board meeting planned to be held on February 14 was stated as: “Reviewing and determining the interest rates applied by the FED”.
We see that a similar agenda item was discussed on January 18, 2022, December 6, 2021, and November 15, 2021, and a closed meeting was held with this agenda item in previous meetings.
Therefore, the meeting in question is not an extraordinary meeting.
“Announcement is made 2 days ago”
The following statements are included in the explanations section regarding the timing and announcement of the closed meetings organized by the FED;
“The Board of Governors is usually a bi-monthly meeting that covers monetary policy and other responsibilities of the central bank.
Closed meetings are announced to the public within the framework of a calendar determined according to the nature of the issues to be discussed.
A meeting that will consider only certain issues usually needs to be made public one week in advance; A meeting that only considers expedited items requires a notice as early as possible, usually two business days before the meeting.”
The meeting, which will take place on February 14, will also be held as an accelerated meeting. For this reason, the announcement made for 2 days shows that it was an ordinary meeting in accordance with the procedure.
Bitcoin continues to be traded at $ 43,600 as of our news time.