The intended federal funds rate has been at 6.0% since the March 21 meeting of the Federal Open Market Committee (FOMC). Similarly, the discount rates at which banks can borrow balances from the Federal Reserve Banks’ discount windows all remain at 5.5%. The next FOMC meeting will be held May 16.
Suggested citation: "Monetary Policy," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-05, pp. 02-05, 05.01.2000.