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Dates for: 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |  1993 | 1992 | 1991 | 1990
1998 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/3 & 2/4 |
Maintain |
Symmetrical |
12 to 0 |
|
5.50 |
|
5.00 |
|
3/31 |
Maintain |
Tighter |
11 to 1 |
|
5.50 |
|
5.00 |
|
5/19 |
Maintain |
Tighter |
10 to 2 |
|
5.50 |
|
5.00 |
|
6/30 & 7/1 |
Maintain |
Tighter |
10 to 1 |
|
5.50 |
+ 0.25 |
5.00 |
|
8/18 |
Maintain |
Symmetrical |
10 to 1 |
|
5.50 |
|
5.00 |
|
9.29 |
Decrease Slightly |
Easier |
11 to 0 |
9/29 10/15 |
5.25 5.00 |
-0.25 - 0.25 |
5.00 4.50 |
- 0.25 |
11/17 |
Decrease Slightly |
Symmetrical |
10 to 1 |
11/17 |
4.75 |
- 0.25 |
4.50 |
- 0.25 |
12/22 |
Maintain |
Symmetrical |
11 to 0 |
|
4.75 |
|
4.50 |
|
|
|
|