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Focus on Economic Data: The Federal Reserve System and Monetary Policy - June 25, 2003
Source: Council for Economic Education (EconEdLink) | Type: Lesson

“The Federal Open Market Committee decided today to lower its target for the federal funds rate by 25 basis points to 1 percent. In a related action, the Board of Governors approved a 25 basis point reduction in the discount rate to 2 percent."

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