Release Date: November 19, 2008
For release at 2:00 p.m. EST
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2008 and of the conference calls held on September 29, 2008 and October 7, 2008. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the October 28-29, 2008 meeting is also included as an addendum to these minutes.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. Summaries of economic projections are released on an approximately quarterly schedule. The descriptions of economic and financial conditions contained in these minutes and in the Summary of Economic Projections are based solely on the information that was available to the Committee at the time of the meeting.
The FOMC minutes can be viewed on the Board's web site at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.