August 26, 2008
Minutes of Federal Open Market Committee, July 24 and August 5, 2008
For release at 2:00 p.m. EDT
The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on August 5, 2008, and of the conference call held on July 24, 2008.
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. The description of economic and financial conditions contained in these minutes is 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.