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Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026

The Federal Reserve released minutes from discount rate meetings held in August and September 2026, clarifying that this process is separate from the Federal Open Market Committee's federal funds rate target setting.

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Why It Matters

The document provides transparency into the Federal Reserve's administrative processes regarding discount window rates, though it explicitly distinguishes these from broader monetary policy decisions.