Washington, DC…Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September. More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months.
In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3‑3/4 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Susan M. Collins; Lisa D. Cook; Philip N. Jefferson; Alberto G. Musalem; and Christopher J. Waller. Voting against this action were Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting; and Austan D. Goolsbee and Jeffrey R. Schmid, who preferred no change to the target range for the federal funds rate at this meeting.
For media inquiries, please email media@frb.gov or call 202-452-2955.
How’s that solar working for you?Paying for that and paying PG+E isn’t that double and you through you were going to cut a fat hog in the ass LOL
^^Hey Mr. PeaBrain, you sound like Trump.
Maybe Trump will allow a speech writer of his to write for you, since it is very obvious you are illiterate.
Stick with the subject, don’t deflect.
You are just the kind of loser Trump absolutely loves. As long as you vote for him that is. Otherwise he doesn’t give one fiddly fuck about you or your family of inbred kids.
Obviously you don’t know sh!t our solar is doing great haven’t paid a electric bill in a few years. So go stoke up you wood stove and shut up
Please don’t judge all of us that burn wood. Some of us like the ambiance and type of heat it delivers. And its great exercise cutting, splitting, stacking. But you are right, that moron in the first comment don’t know shit.
He is you see, the PERFECT member of Trumps base. Dumb as a rock, gullible, unable to construct an intelligent sentence. Fits the bill to a T!!!!
I am sure he has a Trump 2028 hat. Wears it proudly. Fits perfectley on his pea brain containing skull.
hahahahahahahahahahahahahahahahahahahahahahahahaha
Where are our $2000 Trump Bucks????
“Job gains have slowed this year”, “unemployment rate has edged up”, “inflation has moved up……and remains somewhat elevated”…….
All comments of the Fed Chair, who Trump wants fired.
Pretty good economic outlook ay Trumpanzees???
Go buy your kids a pencil.
P.S. Beef prices up 16% since innauguration. Predicted to jump maybe 30-40% again next year. Enjoy that Whopper……………….
Powell said the tariffs are causing inflation- truth.
The don’s economic lackeys say it’s getting better inflation, prices down.
The people know this is BS.
An administration based on lies.
Wonder if biden killing every chicken, pig, cow and stear his admin had control of on the way out the door helped food prices?
^^Are you really that stoopid, as the guy below calls you, Gomer?
If you can’t see through Trumps schtick you most certainly are.
hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Look up “stear” in the dictionary. Start at “steer”, go from there. Moron.
How long you gona blame Biden Gomer ! Stop watching Faux News it’s rotting your brain. Free your mind your ass will fallow