September 26 · Published November 17, 1995
Statement·Presser·Minutes
AGAlan GreenspanSeptember 26, 1995 FOMC Minutes
Vote
- Alan S. Blinder
- Alan Greenspan
- Thomas M. Hoenig
- Edward W. Kelley, Jr.
- Lawrence B. Lindsey
- William J. McDonough
- Thomas C. Melzer
- Cathy E. Minehan
- Michael H. Moskow
- Susan M. Phillips
- Janet L. Yellen
From the minutes
FOMC minutes
It was agreed that the next meeting of the Committee would be held on Wednesday. November 15, 1995.
The meeting adjourned at 1:20 p.m.
Donald L. Kohn
Secretary
What changed from the previous meeting’s minutes
- The dollar's trade-weighted value declined over the intermeeting period, after appreciating substantially previously.
- Market interest rates fell somewhat since the August meeting, after rising appreciably.
- M2 growth for the year through August was somewhat below the upper end of its range, versus upper half previously.
- M3 growth moderated in September, after expanding considerably further in August.
- The FOMC discussed the "Economic Growth and Price Stability Act of 1995" for the first time.
- The unemployment rate edged down to 5.6 percent in August, from 5.7 percent in July.
Summary generated automatically from the two documents.