Federal Reserve meeting —
At its 28 January 2026 meeting, the Federal Reserve lowered its policy rate from 3.50–3.75% to 3.00%. The decision passed 10-2. 2 members dissented.
Decision
cut — 3.50–3.75% to 3.00%
Vote: 10-2
Dissenters
- Stephen Miran — preferred cut
- Christopher Waller — preferred cut
Key passages
the Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 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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