Previous Fed Meetings:

March 21, 2007
The Fed kept rates unchanged with a statement which indicated a more neutral stance on inflationary risks in the economy.

January 31 , 2007
The Fed kept rates unchanged with no clear indication of their bias toward future interest rate policy.

October 25, 2006
The Fed kept rates unchanged but cited inflation risks remain in the economy.

August 8, 2006
The Fed kept rates unchanged for the first time in over two years

June 29, 2006
The Fed raised rates a quarter point increasing the Federal Funds rate to 5.25%

May 9, 2006
The Fed raised rates a quarter point increasing the Federal Funds rate to 5.00%

March 28, 2006
The Fed raised rates a quarter point increasing the Federal Funds rate to 4.75%

January 31, 2006
The Fed raised rates a quarter point increasing the Federal Funds rate to 4.50%

December 9, 2005
The Fed raised rates a quarter point increasing the Federal Funds rate to 4.25%

November 1, 2005
The Fed raised rates a quarter point increasing the Federal Funds rate to 4.00%

September 20, 2005
The Fed raised rates a quarter point increasing the Federal Funds rate to 3.75%

June 30, 2005
The Fed raised rates quarter point increasing the Federal Funds rate to 3.25%

May 3, 2005
The Fed raised rates quarter point increasing the Federal Funds rate to 3.00%. The Fed statement kept the word "measured" in describing Fed policy.

March 23, 2005
The Fed raised rates a quarter point increasing the Federal Funds rate to 2.75% citing inflation present in the economy.

February 2, 2005
The Fed raised rates a quarter point increasing the Federal Funds rate to 2.50%.

December 15, 2004
The Fed raised rates a quarter point increasing the Federal Funds rate to 2.25%.

November 11, 2004
The Fed raised rates a quarter point increasing the Federal Funds rate to 2.00%.

September 21, 2004
The Fed raised rates a quarter point increasing the Federal Funds rate to 1.75%.

August 10, 2004
The Fed raised rates a quarter point, but indicated that the pace of monetary tightening would be measured.

June 30, 2004
The Fed raised rates a quarter point, but indicated that the pace of monetary tightening would be measured.

READ TEXT OF RECENT FOMC STATEMENT

2003 - 2004 FOMC Meetings & News
May 4, 2004
The Fed left rates unchanged while indicating that the removal of its accomodative policy will be measured.

March 16, 2004
The Fed left rates unchanged calling the risk of inflation and deflation balanced.

January 27, 2004
The Fed left rates unchanged, but dropped the phrase "considerable" period from their statement.

December 9, 2003
The Fed left rates unchanged keeping in the wording "considerable period" in describing their continued view of accomodative interest rate policy.

October 28, 2003
The Fed left rates unchanged citing the risk of deflation as greater than the risk of inflation.

September 16, 2003
The Fed left rates unchanged with a neutral bias towards further rate movements.

August 12, 2003
The Fed left rates unchanged with a neutral bias towards further rate movements.

June 25, 2003
The Fed lowered rates 25 basis points citing the risk of deflation as higher than the risk of inflation,

May 6, 2003
The Fed kept rates unchanged. Bias towards economic weakening.

March 18, 2003
The Fed kept rates unchanged. Neutral bias towards future rate movements.

January 28, 2003
The Fed kept rates unchanged.

2002 FOMC Meetings & News
November 6, 2002
The Fed surprised by lowering rates 50 basis points calling the risks of inflation and recession balanced.
September 24, 2002
The Fed kept rates unchanged, but vote was 10-2 with 2 votes for lowering rates. Text indicated definite bias towards lowering rates in face of weakening economy.
August 13, 2002
The Fed kept rates unchanged, but stated would drop rates again if economic recovery does not take hold.
June 26, 2002
The Fed kept rates unchanged.  
May 7, 2002
The Fed kept rates unchanged.  
April 17, 2002  
In testimony to Congress, Federal Reserve Chairman Alan Greenspan indicated that the Fed has ample time to raise rates. 
February 2, 2002  
The Fed kept rates unchanged for the first time in a year citing improved economic conditions.