The Federal Reserve Board released the minutes from its recent discount rate meetings on Tuesday. These meetings, held on February 18, March 10, and March 19, 2025, focused on determining the discount rates offered to depository institutions via the discount window.

According to the minutes, "The Board's process for setting the discount rate is distinct from the process the Federal Open Market Committee follows in setting the target range for the federal funds rate."

The release of these minutes provides insight into the decision-making process of the Federal Reserve Board regarding financial policies that impact depository institutions.