Federal Reserve Board releases minutes from December 2025 discount rate meeting

Jerome H. Powell, Chair - Board Of Governors Of The Federal Reserve System
Jerome H. Powell, Chair - Board Of Governors Of The Federal Reserve System
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The Federal Reserve Board has published the minutes from its December 10, 2025 meeting, where members discussed and determined the discount rates offered to depository institutions through the discount window. The release of these minutes was announced on January 6, 2026.

The Board clarified that its approach to setting the discount rate is separate from how the Federal Open Market Committee establishes the target range for the federal funds rate.



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