
Here Is the FOMC Statement Released After Interest Rates Were Kept Unchanged
The Federal Reserve kept its policy interest rate unchanged at 3.50–3.75 percent at its July monetary policy meeting. The decision was made with a 9-3 vote, with three Fed officials voting for an interest rate increase, indicating a strengthening demand for tighter monetary policy within the bank. Beth Hammack, Neel Kashkari, and Lorie Logan, who opposed the Federal Open Market Committee’s (FOMC) decision, opted for a 25 basis point increase in the policy rate. While there were no significant changes to the policy statement compared to the June text, the fact that the three members called for an interest rate…








