The Federal Reserve Board released the minutes from its discount‑rate meetings held on October 6, 20, and 29, 2025. The minutes document the Board’s review and determination of discount rates provided to depository institutions through the discount window. The release notes that the discount‑rate setting process is separate from the Federal Open Market Committee’s method for establishing the federal‑funds rate range. No policy decisions are announced in the minutes, and they serve as a record of the Board’s deliberations. For media inquiries, the Board can be reached at media@frb.gov or by phone at 202‑452‑2955. The minutes are available for download in PDF format on the Board’s website.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20251125a.htm
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