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Federal Reserve Monetary Policy/

Minutes of the Board's discount rate meeting on April 20 and 29, 2026

The Federal Reserve released minutes from its April 2026 meetings regarding discount rates for depository institutions, noting this process is separate from federal funds rate target setting.

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Why It Matters

The discount rate is a tool for liquidity management for depository institutions, though the Fed clarified it is distinct from the primary federal funds rate policy.