Federal Open Market Committee Minutes - Key Quotes
…members generally agreed that the risks to growth had diminished somewhat since the time of the last FOMC meeting while the upside risks to inflation had increased. Nonetheless, the risks to growth remained tilted to the downside.
Mr. Fisher dissented because he preferred an increase in the target federal [...]
Federal Funds Rate: 2.00%
Discount Rate: 2.25%
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.
Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased.
Technorati Tags: federal funds, interest, rate, Federal Reserve, Federal [...]
Federal Open Market Committee Minutes - Key Quotes
Participants stressed the difficulty of gauging the appropriate stance of policy in current circumstances…Several participants expressed the view that the easing in monetary policy since last fall had not as yet led to a loosening in overall financial conditions, but rather had prevented financial conditions from tightening as [...]
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 [...]
