Federal Reserve meeting —
At its 16 March 2022 meeting, the Federal Reserve lowered its policy rate from 0.00–1.00% to 0.25–0.50%. The decision passed 8-1. Bullard dissented, preferring a hike.
Decision
cut — 0.00–1.00% to 0.25–0.50%
Vote: 8-1
Dissenters
- Bullard — preferred hike
Key passages
the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent
anticipates that ongoing increases in the target range will be appropriate
Meeting documents
Background reading
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