Federal Reserve meeting —
At its 18 December 2024 meeting, the Federal Reserve held its policy rate at 4.50–4.75%. The decision passed 11-1. Beth Hammack dissented, preferring a hold.
Decision
hold — 4.50–4.75% to 4.50–4.75%
Vote: 11-1
Dissenters
- Beth Hammack — preferred hold
Key passages
The Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent.
In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.
Meeting documents
Background reading
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