Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Monetary Policy topic
No spam. Unsubscribe anytime.
Committee lowers federal funds target range by a quarter point
Summary
A Committee member announced the Committee voted to lower the target range for the federal funds rate by 0.25 percentage point to 3.75%–4.00% and restated that policy is guided by the dual mandate to promote maximum employment and stable prices.
A Committee member said the Committee decided at today’s meeting to lower the target range for the federal funds rate by a quarter percentage point to 3.75%–4.00%. The speaker opened by saying the Committee’s monetary policy actions are guided by the dual mandate to promote maximum employment and stable prices for the American people.
The decision was announced as a formal outcome of the meeting. The Committee member framed the change as a policy move consistent with the Committee’s stated objectives, describing the action as a one-quarter percentage-point reduction in the target range for the federal funds rate.
The transcript identifies the decision as made by “the Committee” and does not specify the committee’s formal name or provide a roll-call vote in the record. No additional legal citations, implementation details, or vote tallies were included in the provided transcript.
