Federal Reserve meeting —
At its 28 July 2021 meeting, the Federal Reserve held its policy rate at 0.00–1.00%. The decision passed 11-0.
Decision
hold — 0.00–1.00% to 0.00–1.00%
Vote: 11-0
Key passages
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.
Meeting documents
Background reading
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