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- Sep 16, 202090% CONFIDENCEfrom the source
Fed Holds Rates at 0.00%-0.25% at the September 2020 FOMC Meeting With Two Dissents
- The Federal Open Market Committee decided on 16 September 2020 to keep the target range for the federal funds rate at 0.00%-0.25%, with the statement released at 2:00 p.m. EDT[1]
- The statement opened: "The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals."[1]
- The Committee said it expected to keep the range until inflation had reached 2 percent and was on track to moderately exceed 2 percent for some time[1]
- 8 members voted for the action and 2 against: Robert Kaplan voted against, preferring more policy rate flexibility beyond the point the Committee expects to hold, and Neel Kashkari voted against, preferring to hold until core inflation has reached 2 percent on a sustained basis[1]
- The meeting came with a Summary of Economic Projections, whose median put the federal funds rate at 0.1 percent at the end of 2020 and 0.1 percent at the end of 2021[3]
- Chair Jerome Powell held a press conference after the statement[2]
References 393% CONFIDENCEOverall confidence: 93%How well the pin's source and references back up its dates.Weighted average of how firmly 3 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%federalreserve.gov/newsevents/pressreleases/monetary20200916a.htmfederalreserve.gov· Posted Oct 1, 2026· Starts Sep 16, 2020 ✓· 33% of score
The Federal Reserve's[2][3] statement is dated 16 September 2020 and marked for release at 2:00 p.m. EDT, matching the September 2020 meeting on its calendar.
- [2]95%FOMC Meeting calendars, statements, and minutes (2020) - Federal Reserve Boardfederalreserve.gov· Added Oct 1, 2026· 33% of score
The Federal Reserve's[1][3] own 2020 calendar page lists the September 2020 meeting and links its statement, implementation note and press conference.
- [3]95%Summary of Economic Projections, September 2020 - Federal Reserve Boardfederalreserve.gov· Added Oct 1, 2026· 33% of score
The Fed's projection table, whose median federal funds rate figures the pin quotes.[1]
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