Federal Reserve Board releases minutes from August and September 2025 discount rate meetings

Jerome H. Powell, Chair
Jerome H. Powell, Chair - Board Of Governors Of The Federal Reserve System
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The Federal Reserve Board has released the minutes from its meetings held on August 18 and September 17, 2025. These meetings focused on reviewing and determining the discount rates offered to depository institutions through the discount window.

The Board clarified that its method for setting the discount rate is separate from the approach used by the Federal Open Market Committee to establish the target range for the federal funds rate.



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