Federal Reserve meeting —
At its 3 November 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 and 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.
In light of the substantial further progress the economy has made toward the Committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.
Meeting documents
Background reading
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