(Reuters) - The minutes of meetings of the Washington-based Fed Board
of Governors, which must approve changes in the discount rate
governing Fed lending to commercial banks, showed that Fed
regional bank directors agreed with the current stance of
steady monetary policy with a close eye on incoming economic
data.
The board approved their requests to keep the discount rate
steady at 6.25 percent on April 23 and on May 7. The Fed's
policy setting Federal Open Market Committee maintained the
more important federal funds rate on May 9 at 5.25 percent.
Read more at Reuters.com Bonds News
of Governors, which must approve changes in the discount rate
governing Fed lending to commercial banks, showed that Fed
regional bank directors agreed with the current stance of
steady monetary policy with a close eye on incoming economic
data.
The board approved their requests to keep the discount rate
steady at 6.25 percent on April 23 and on May 7. The Fed's
policy setting Federal Open Market Committee maintained the
more important federal funds rate on May 9 at 5.25 percent.
Read more at Reuters.com Bonds News
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