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Dates for:  2001   |  2000   |  1999   |  1998   |  1997   |  1996   |  1995   |  1994   |  1993   |  1992   |  1991 2001 FOMC Meeting Directive Bias Vote Policy Change Fed Funds Target Change Discount Rate Change 1/3/01 Inter-Meeting Decrease slightly Economic weakness risk 10 to 0 1/3 1/4 6.00   -0.50   5.75 5.50 -0.25 -0.25 1/30 & 1/31 Decrease slightly Economic weakness risk 10 to 0 1/31 5.50 -0.50 5.00 -0.50 3/20 Decrease slightly Economic weakness risk 10 to 0 3/20 5.00 -0.50 4.50 -0.50 4/18 intermeeting Decrease slightly Economic weakness risk 10 to 0 4/18 4.50 -0.50 4.00 -0.50 5/15 Decrease slightly Economic weakness risk 9 to 1 5/15 4.00 -0.50 3.50 -0.50 6/26 & 6/27 Decrease slightly Economic weakness risk 9 to 1 6/27 3.75 -0.25 3.25 -0.25 8/21 Decrease slightly Economic weakness risk 10 to 0 8/21 3.50 -0.25 3.00 -0.25 9/17 intermeeting Decrease slightly Economic weakness risk & terrorist attack 10 to 0 9/17 3.00 -0.50 2.50 -0.50 10/2 Decrease slightly Economic weakness risk 10 to 0 10/2 2.50 -0.50 2.00 -0.50 11/6 Decrease slightly Economic weakness risk 10 to 0 11/6 2.00 -0.50 1.50 -0.50 12/11 Decrease slightly Economic weakness risk 10 to 1 12/11 1.75 -0.25 1.25 -0.25 Fed Reserve System   •   Federal Reserve Policy Actions   •   Key FOMC Dates for 2001

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