Federal Reserve Releases Latest FOMC Statement
The Federal Reserve has released its latest FOMC statement on October 29, 2025. The statement outlines recent developments in the U.S. economy and the Committee’s monetary policy decisions.
Economic Growth and Employment Trends
According to current indicators, the U.S. economy is expanding at a moderate pace. However, job growth has slowed this year, and the unemployment rate, although still low, has risen slightly through August. The recent data reflects these trends.
Inflation Insights
Inflation has increased since the beginning of the year and remains somewhat elevated. The Federal Reserve aims for a long-term inflation rate of 2 percent and maximum employment. The uncertainty surrounding the economic outlook has intensified.
Monetary Policy Adjustments
In response to the evolving economic landscape, the Federal Reserve has decided to lower the target range for the federal funds rate by 0.25 percentage points, bringing it to between 3.75% and 4%. The Committee is closely monitoring incoming data and will assess the need for further adjustments based on the economic outlook.
End of Securities Holdings Reduction
The Committee has also announced the conclusion of its reduction in aggregate securities holdings by December 1.
Future Considerations
The Federal Reserve remains committed to achieving its dual mandate. They will continue to evaluate a broad range of information, such as labor market conditions and inflation expectations, to determine the appropriate monetary policy stance. Should risks to these goals surface, the Committee will be prepared to make necessary adjustments.
Committee Voting Members
The voting members for this monetary policy action included:
- Jerome H. Powell – Chair
- John C. Williams – Vice Chair
- Michael S. Barr
- Michelle W. Bowman
- Susan M. Collins
- Lisa D. Cook
- Austan D. Goolsbee
- Philip N. Jefferson
- Alberto G. Musalem
- Christopher J. Waller
Those opposing the action included:
- Stephen I. Miran – advocated for a 0.50 percentage point decrease
- Jeffrey R. Schmid – preferred no change to the target range
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