Federal Reserve (FED) · Federal Reserve
For release at 2:00 p.m
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★ Tier-1 Source
Recent indicators suggest that economic activity has been expanding at a solid pace.
Key facts
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- In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3â1/2 to 3â3/4 percent
- Miran, who preferred to lower the target range for the federal funds rate by 1/4 percentage point at this meeting; and Beth M
- The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run
Summary
For release at 2:00 p.m. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3â1/2 to 3â3/4 percent. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook.