- Start
- Dec 16, 202090% CONFIDENCEfrom the source
Fed Holds Rates at 0.00%-0.25% at the December 2020 FOMC Meeting
- The Federal Open Market Committee decided on 16 December 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. EST[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]
- All 10 voting members voted for the action[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/monetary20201216a.htmfederalreserve.gov· Posted Oct 1, 2026· Starts Dec 16, 2020 ✓· 33% of score
The Federal Reserve's[2][3] statement is dated 16 December 2020 and marked for release at 2:00 p.m. EST, matching the December 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 December 2020 meeting and links its statement, implementation note and press conference.
- [3]95%Summary of Economic Projections, December 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]
Suggest a correction
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most. A picture that shows something else, or shows it badly, is looked at too, and moved down or replaced.
