The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Release Date: July 6, 1995 For immediate release Chairman Alan Greenspan announced today that the Federal Open Market Committee decided to decrease slightly the degree of pressure on bank reserve positions. As a result of the monetary tightening initiated in early 1994, inflationary pressures have receded enough to accommodate a modest adjustment in monetary conditions. Today's action will be reflected in a 25 basis point decline in the federal funds rate from about 6 percent to about 5-3/4 percent. Home | News and events Accessibility Last update: April 20, 2007
@FedFRASER