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Committee decides to lower federal funds rate 25 basis points to 3.50%–3.75%
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Summary
A committee meeting recorded in the transcript decided to lower the target range for the federal funds rate by 0.25 percentage point to 3.50%–3.75% and reiterated that policy is guided by the dual mandate of maximum employment and stable prices. The transcript does not provide a vote tally or date for the decision.
At a committee meeting recorded in the transcript, the committee decided to lower the target range for the federal funds rate by a quarter percentage point to 3.50%–3.75%, the Chair said.
The official emphasized that the committee’s monetary policy actions are guided by its dual mandate ‘‘to promote maximum employment and stable prices for the American people,’’ a guiding principle noted at the start of the session.
The transcript records the action — lowering the target range by 25 basis points — but does not include a motion text, mover or seconder, a vote tally, or an effective date for the change. The Chair’s remarks were limited to announcing the decision and restating the dual mandate.
There was no additional discussion recorded about the timing, implementation details, or the committee’s internal vote breakdown in the provided transcript. No subsequent meeting date or follow-up steps were specified in the text.
The transcript identifies only one speaker role (the Chair) and does not supply a personal name or the formal committee name in the excerpt provided.
