The Federal Reserve Board released the minutes of its December 10, 2025 meeting that reviewed discount rates offered to depository institutions through the discount window. The release, issued at 2:00 p.m. EST on January 6, 2026, details the board’s discussion and decisions regarding the discount rate, a tool distinct from the Federal Open Market Committee’s federal funds rate target range. The minutes include the board’s deliberations on policy parameters and the outlook for monetary conditions. The document is available in PDF format on the Fed’s website. For media inquiries, contacts are provided. The release serves to increase transparency about the board’s discount‑rate-setting process. The minutes are part of the Fed’s commitment to transparency and public disclosure of monetary policy deliberations.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20260106a.htm
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