FOMC Statement

For immediate release Chairman Alan Greenspan announced today that the Federal Open Market Committee decided to decrease slightly the degree of pressure on bank reserve positions. As a result of the monetary tightening initiated in early 1994, inflationary pressures have receded enough to accommodate a modest adjustment in monetary conditions. Today's action will be reflected in a 25 basis point decline in the federal funds rate from about 6 percent to about 5-3/4 percent.

Federal Reserve (1995, July 5). FOMC Statement. Fomc Statements, Federal Reserve. https://whenthefedspeaks.com/doc/fomc_statement_19950706

@misc{wtfs_fomc_statement_19950706,
  author = {Federal Reserve},
  title = {FOMC Statement},
  year = {1995},
  month = {Jul},
  howpublished = {Fomc Statements, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/fomc_statement_19950706},
  note = {Retrieved via When the Fed Speaks corpus}
}