July 16, 2008
Minutes of Federal Open Market Committee, June 24-25, 2008
For release at 2:00 p.m. EDT
The Federal Reserve Board and the Federal Open Market Committee on Wednesday
released the attached minutes of the Committee meeting held on June 24-25, 2008. A summary
of economic projections made by Federal Reserve Board members and Reserve Bank presidents
for the June 24-25, 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