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Category Archives: Federal Open Market Committee Minutes

Federal Open Market Committee minutes – March 10 and March 18, 2008

09-Apr-08

Federal Open Market Committee Minutes – Key Quotes
March 10 Conference Call:

By improving conditions in funding markets, the [Term Securities Lending Facility] was expected to help restore the functioning of financial markets more generally and thereby promote the effective conduct of monetary policy as well as macroeconomic stability.

March 18 Meeting:

…some believed that a prolonged and severe [...]

Federal Open Market Committee minutes – January 29-30, 2008

21-Feb-08

Federal Open Market Committee Minutes – Key Quote

The economic projections provided by the members of the Board of Governors and the presidents of the Federal Reserve Banks help shape monetary policy and can aid public understanding of the basis for policy actions. Considerable uncertainty attends these projections, however. The economic and statistical models and relationships [...]

Federal Open Market Committee Minutes – December 6 and 11, 2007

03-Jan-08

Federal Open Market Committee Minutes – Key Quotes

These developments, together with renewed strains in financial markets, suggested that growth in late 2007 and during 2008 was likely to be somewhat more sluggish than participants had indicated in their October projections….

Recent readings on inflation generally were seen as slightly less favorable than in earlier months, partly [...]

Federal Open Market Committee Minutes – October 31, 2007

20-Nov-07

Federal Open Market Committee Minutes – Key Quote

In their discussion of the economic outlook and situation, and in the projections that they had submitted for this meeting, participants noted that economic activity had expanded at a somewhat faster pace in the third quarter than previously anticipated and that there was
scant evidence of negative spillovers from [...]

Minutes of the Federal Open Market Committee – September 18, 2007

09-Oct-07

Federal Open Market Committee Minutes – Key Quote

Participants made only modest revisions to their outlook for inflation in the period since the Committee’s last regular meeting. Still, they recognized that incoming data on core inflation continued to be favorable, and they generally were a little more confident that the decline in inflation earlier this year [...]

Federal Open Market Commitee Minutes – August 7, 2007

29-Aug-07

Federal Open Market Committee Minutes
At a Glance

Federal Funds Rate: 5.25%
Change: Unchanged
Discount Rate: 6.25%*
Change: Unchanged
Predominant Concern: Inflation*

*Note however that the Committee took the unusual action ten days later on August 17, 2007 of lowering the discount rate 50-basis points (0.5%) between meetings and issued a statement that “the downside risks to growth have increased appreciably.”
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