Saudis press United States to put an end to rate cuts American Account Irwin Stelzer SO the Federal Reserve Board’s monetary policy committee (technically, the Federal Open Market Committee, or FOMC) has decided to leave interest rates as they are - which is far less important than how it arrived at that decision. What follows is a combination of hard fact and my own surmise, mixed together so as to shield the usual highly placed, reliable source. There is something called “the Fed family”. It’s not as shady as a mafia family, but far more powerful. Members include chairman Ben...