From March 15 to March 16, the Federal Reserve FOMC will hold a two-day interest rate meeting. Why is this so important for the Federal Reserve?

Simply put, if the Fed raises interest rates in March, it will officially mark its complete withdrawal from quantitative easing caused by the COVID-19 pandemic, taking a substantial step towards normalizing monetary policy.

What kind of existence does the Federal Reserve really have? What is the role of this agency? What are the expectations for interest rate hikes in March? Who has the power to raise interest rates? How many more sessions are worth watching? A picture to help you figure it out.