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FOMC Meeting · December 9–10, 2025 · Kaleb Nygaard

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December 9–10, 2025

Powell's 71st as Chair · FOMC meeting 1,273

3.5–3.75%

Policy rate

Cut 25 bp

9–3

Vote

3 dissents

For
For
Against(easier)
For
For
For
For
For
For

JeffersonGovernor
CookGovernor
MiranGovernor

3.5–3.75%

Policy rate

Cut 25 bp

9–3

Vote

3 dissents

For
For
Against(easier)
For
For

the target rate since 1982 · scroll for other years · pinch to zoom

The policy rate since 1982→

← Oct 28–29Jan 27–28, 2026 →

Against

(tighter)

For

Against(tighter)

PowellChair

WilliamsNew York · Vice Chair

PaulsonPhiladelphia

HammackCleveland

GoolsbeeChicago

MusalemSt. Louis

KashkariMinneapolis

DalySan Francisco

SchmidKansas City

For

For

For

For

Against(tighter)

For

Against(tighter)

JeffersonGovernor
CookGovernor
MiranGovernor
PowellChair
WallerGovernor
BarrGovernor
BowmanGovernor
WilliamsNew York · Vice Chair
CollinsBoston
PaulsonPhiladelphia
BarkinRichmond
HammackCleveland
GoolsbeeChicago
BosticAtlanta
MusalemSt. Louis
LoganDallas
KashkariMinneapolis
DalySan Francisco
SchmidKansas City

the target rate since 1982 · scroll for other years · pinch to zoom

The policy rate since 1982→

the target rate since 1982 · scroll for other years · pinch to zoom

The policy rate since 1982→