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Monetary Policy

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At its meeting of January 29–30, the Federal Open Market Committee left the intended federal funds rate unchanged at 1.75%, while the discount rate remained at 1.25%. However, the FOMC continues to believe that “the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future.”

Suggested citation: "Monetary Policy," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-02, pp. 04-05, 02.01.2002.

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