Federal Reserve Board releases discount rate meeting minutes
The Federal Reserve Board released the minutes from its December 10, 2025, meeting on discount rates. These minutes detail the review and determination of rates for depository institutions.
Board reviews rates for depository institutions
The minutes released by the Federal Reserve Board cover its meeting on December 10, 2025.
During this meeting, the Board reviewed and determined the discount rates offered to depository institutions through the discount window.
This process is a regular part of the Federal Reserve's operational framework.
Discount rate distinct from federal funds target
The Board clarified that its process for setting the discount rate is distinct from the Federal Open Market Committee's (FOMC) method for establishing the target range for the federal funds rate.
This emphasizes the separate operational frameworks for these key policy tools.