On April 7, according to the Federal Reserve's official website, the board of directors of the Federal Reserve System is expected to hold a closed-door meeting at 11:30 am local time on April 7. After the meeting, the final announcement on the matters discussed will be published on the board's website. Note: The Federal Reserve Board of Directors is the governing body of the Federal Reserve System and is responsible for setting monetary policy and supervising the U.S. Banking and Financial Institutions Group.