February 20, 2008
Minutes of Federal Open Market Committee, January 9, 21, and 29-30, 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 January 29-30, 2008, and of conference calls held on January 9 and January 21, 2008. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the January 29-30, 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 the 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 and the Summary of Economic Projections can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomc.htm.