2025 College Fed Challenge, Harvard College, November 21, 2025

Federal Open Market Committee · November 21, 2025

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Opening and overview of staff presentation

Presentation

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A staff member opened the session, saying today’s presentation would review macroeconomic conditions, forecasts, risks, and a policy recommendation for the committee.

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Staff to the Federal Open Market Committee presented a data-dependent recommendation to hold the target federal funds rate at 3.75–4.0% at the December meeting, citing sticky services inflation, tariff pass-through, and a still-resilient economy alongside signs of labor-market cooling.

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Transcript

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