Three Fed Governors’ Forward View after the September 17, 2025, FOMC Meeting

FOMC Discussion The Committee held the target range steady at 3-3/4 to 4 percent, six weeks after removing a dose of accommodation in September. The discussion over the two-day meeting focused mainly on the price-stability side of the mandate. The Committee also...

The Federal Open Market Committee approved the following statement for release by a 12 – 0 10 – 2 vote: The Committee decided to raisemaintain the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal...

Topics discussed in this quarter's commentary are: Growth & Trade The Labor Market Consumer & Housing K-Shape Economy The Fed Global Rates Why Rates Rose Oil & Iran Stock & Codependence What Could Tip It The third quarter commentary offers a more...

FOMC Discussion At the July meeting, a good majority of the FOMC judged that waiting seven weeks was a worthwhile investment, buying time to make a wise decision. Three developments during the intermeeting period led to a firm, unanimous decision to raise rates:...

The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate....