Federal Reserve meeting —

At its 22 September 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

Rate decision: no change, as expected.

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.

Clear rate condition: criteria-based, no immediate tightening.

Meeting documents

Background reading

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