On Tuesday, the Federal Reserve Board published the minutes of its recent meetings to assess and establish the discount rates given to depository institutions through the discount window. The released minutes pertain to the Board meetings held on August 21 and September 20, 2023. It is important to note that the Board’s procedure for determining the discount rate differs from the procedure followed by the Federal Open Market Committee in setting the target range for the federal funds rate.
Read the original Federal Reserve release here.
