Federal Reserve meeting —
At its 18 March 2026 meeting, the Federal Reserve held its policy rate at 3.00%. The decision passed 11-1. Stephen Miran dissented, preferring a cut.
Decision
hold — 3.00% to 3.00%
Vote: 11-1
Dissenters
- Stephen Miran — 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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