Federal Reserve meeting —
At its 15 June 2022 meeting, the Federal Reserve raised its policy rate from 0.75–1.00% to 1.50–1.75%. The decision passed 10-1. George dissented, preferring a hold.
Decision
hike — 0.75–1.00% to 1.50–1.75%
Vote: 10-1
Dissenters
- George — preferred hold
Key passages
the Committee decided to raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate.
The Committee is strongly committed to returning inflation to its 2 percent objective.
Meeting documents
Background reading
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