FOMC Meetings 1983-present
As of Feb 2000, the policy bias was replaced by the balance of risks statement
Date Action Risk Dissents
2000
Nov 15 None Inflation NA
Oct 03 None Inflation NA
Aug 22 None Inflation
Jun 28 None Inflation
May 16 Tighten Inflation
Mar 21 Tighten Inflation
Feb 02 Tighten Inflation
Prior to 2000, the Fed issued a policy "bias"
Date Action Bias Dissents
1999
Dec 21 None Sym
Nov 16 Tighten Sym
Oct 5 None Tight
Aug 24 Tighten Sym
Jun 29/30 Tighten Sym McTeer: No Tighten
May 18 None Tight
Mar 30 None Sym
Feb 2/3 None Sym
1998
Dec 22 None Sym
Nov 17 Ease Sym Jordan: No Ease
Sep 29 Ease Ease
Aug 18 None Sym Jordan: Tighten
Jun 30/Jul 1 None Tight Jordan: Tighten
May 19 None Tight Jordan, Poole: Tighten
Mar 31 None Tight Jordan: Tighten
Feb 3/4 None Sym
1997
Dec 16 None Sym Broaddus: Tighten.
Nov 12 None Tight Broaddus: Tighten.
Sep 30 None Tight
Aug 19 None Tight
Jul 1/2 None Tight
May 20 None Tight Broaddus: Tighten.
Mar 25 Tighten Sym
Feb 4/5 None Tight
1996
Dec 17 None Tight
Nov 13 None Tight
Sep 24 None Tight Stern: Tighten.
Aug 20 None Tight Stern: Tighten.
Jul 2/3 None Tight Stern: Tighten.
May 21 None Sym
Mar 26 None Sym
Jan 31 Ease Sym
1995
Dec 19 Ease Sym
Nov 15 None Sym Lindsey: Ease.
Sep 26 None Sym
Aug 22 None Sym
Jul 5/6 Ease Ease Hoenig: No change.
May 23 None Sym
Mar 28 None Tight
Jan 31/Feb 1 Tighten Sym
1994
Dec 20 None Tight LaWare: Tighten.
Nov 15 Tighten Sym
Sep 27 None Tight
Aug 16 Tighten Sym
Jul 5/6 None Tight Broaddus: Tighten.
May 17 Tighten Sym
Mar 22 Tighten Sym Broaddus, Jordan: Tighten more aggressively.
Feb 3/4 Tighten Sym
1993
Dec21 None Sym Angell, Lindsey: Tighten.
Nov 16 None Sym
Sep 21 None Sym
Aug 17 None Sym
Jul 6/7 None Tight Angell: Tighten
May 18 None Tight Angell: Tighten. Boehne: No bias.
Mar 23 None Sym Angell, Lindsey: Tighten.
Feb 2/3 None Sym
1992
Dec 21 None Sym
Nov 17 None Ease Jordan: Ease. LaWare, Melzer: No bias.
Oct 6 None Ease+ Jordan, Lindsey: Ease. LaWare, Melzer: No bias.
Aug 18 None Ease LaWare, Melzer: No bias.
Jun 30/Jul 1 None Ease LaWare, Melzer: No bias.
May 19 None Sym
Mar 31 None Ease
Feb 4/5 None Ease
1991
Dec 17/18 None Ease+ LaWare: No bias. Note: Fed eased Dec 20.
Nov 5 Ease Ease Angell, Kelley: No change.
Oct 1 None Ease
Aug 20 None Ease
Jul 2/3 None Sym
May 14 None Sym
Mar 26 None Sym
Feb 5/6 None Ease
1990
Dec 18 Ease Ease
Nov 13 Ease Ease Angell, Boykin, Hoskins: No change, no bias.
Oct 2 Ease* Ease Seger: Immediate easing.
Aug 21 None Ease
Jul 2/3 Ease* Ease
May 15 None Sym Hoskins: Tighten.
Mar 27 None Sym Hoskins: Tighten. Boykin: Tightening bias.
Feb 6/7 None Sym Seger: Ease.
1989
Dec 18/19 Ease Sym Angell, Melzer: No change.
Nov 14 None Ease Seger: Ease.
Oct 3 None Ease Seger: Ease. Guffey: No bias.
Aug 22 None Ease Guffey: No bias.
Jul 5/6 Ease Sym Seger: Ease more aggressively.
May 15 None Sym Melzer: Ease.
Mar None Tight Seger: No bias.
Feb None Tight Hoskins, Parry: Tighten
1988
Dec Tighten Tight Seger: No change.
Nov None Tight
Sep None Tight
Aug None Tight Hoskins: Tighten.
Jun Tighten Tight Angell, Seger, Kelley: No change.
May Tighten* Tight Hoskins, Parry: Tighten immediately.
Mar Tighten Sym Seger: No change.
Feb None Sym
1987
Dec None Sym
Nov None Sym
Sep None Sym
Aug^ None Tight ^Greenspan's first meeting.
Jul None Sym
May Tighten Tight Seger: No change.
Mar None Tight
Feb None Tight Melzer: Tighten.
1986
Dec None Sym
Nov None Sym
Sep None Tight Wallich: Tighten.
Aug Ease Sym Melzer, Wallich: No change.
Jul Ease Sym Melzer: No change.
May None Sym Wallich: Tighten.
Apr None Sym
Feb None Sym Martin, Seger: Ease
1985
Dec Ease Ease Black: No change.
Nov None Ease Seger: Ease.
Oct None Sym Black: Tighten.
Aug None Sym Black: Tighten. Seger: Ease.
Jul None Tight Black: Tighten. Seger: Ease.
May None Ease Black: Tighten.
Mar None Sym
Feb None Sym
1984
Dec Ease Ease Solomon: Ease more slowly. Gramley: No change.
Nov Ease Ease Gramley: No change.
Oct None Ease Martin, Rice, Seger: No change.
Aug None Sym Wallich: Tighten.
Jul 16/17 None Tight
May None Sym Boykin: Tighten.
Mar None Tight Gramley, Wallich: Tighten. Martin: No bias.
Jan None Ease
1983
Dec None Tight Martin: No bias. |
