1. For April 30, 2013
Federal funds rate – 0.13
Federal Reserve discount rate – (Discount window primary credit) - 0.75 For December 23, 2005
Federal Reserve– 4.23
Discount rate – 5.35
As we can see from the information above, the short-term rates have decreased since the end of 2005 (4.230.13; 5.35 0.75)
2. The schedule of minutes can be found on http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm and the press releases can be found on the News&Events section of the www.federalreserve.gov website. The following is the schedule of the meetings for 2013. 2013 FOMC Meetings|
January| 29-30| Statement| | Minutes: 294 KB PDF | HTML (Released Feb 20, 2013)|
March| 19-20*| Statement| Press Conference Projections Materials: PDF | Accessible Materials| Minutes: 369 KB PDF | HTML (Released April 10, 2013)|
April/May| 30-1| | | |
June| 18-19*| | | |
July| 30-31| | | |
September| 17-18*| | | |
October| 29-30| | | |
December| 17-18| | | |
3. A) The last scheduled meeting was on March 19-20.
The next meeting is scheduled on April/May 30-1.
B) The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this low federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments.
C) Reviewing the last published minute, it seemed for me that the Committee was most...