FOMC在2005年11月1日发布的加息公告，是20004年6月30日以来加息进程中的第12次加息公告。(英文资料来源于美联储官方网站http://www.federalreserve.gov)
联邦公开市场委员会今天决定将联邦基金利率提高25基点，上升到它的目标位4%。
上涨的油价和与飓风有关的对经济活动的破坏暂时性地抑制了产出和就业。不过，货币政策的应对措施，与正在强劲提高的劳动生产率相适应，将为经济活动提供支持，而且，与飓风影响地区有关的重建计划将扩大这种影响。累积的能源价格和其他成本的上升已经对通货膨胀构成潜在压力；不过，在最近几个月，核心通货膨胀相对较低，长期通货膨胀预期依然得到控制。
委员会认为，通过采取适当的货币政策行动，追求同时实现持续的增长以及价格稳定目标，其上升和下降的风险是大致相当的。潜在的通货膨胀仍然如期待中的那样受到控制，委员会相信政策调整是可以被测量的并以某一速度被转移。尽管如此，委员会将对经济前景的变化做出及时的反应，必要时，它将履行了维持价格稳定的义务。
为FOMC货币政策行动投票的理事：阿伦·格林斯潘主席；T·F·盖特勒副主席；苏珊·S·比斯；罗杰·W·小弗格森；里查德·W·费雪；唐纳德·L·库恩；迈克尔·H·莫斯考；马克·W·奥尔逊；安东尼·M·桑托梅诺；以及格雷·H·斯特恩。
同时，与加息相关联的行动，委员会一致同意将贴现率提高25个基点，增加到5%。联邦公开市场委员会采取这次行动，是采纳了下列各个联邦储备银行的董事局提交的请求，即波士顿，纽约，费拉德尔菲亚，克利夫兰，里士满，亚特兰大，芝加哥，圣.路易斯，明尼阿波利斯，堪萨斯城，达拉斯和旧金山。
Release Date: November 1, 2005
For immediate release
The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 4 percent.
Elevated energy prices and hurricane-related disruptions in economic activity have temporarily depressed output and employment. However, monetary policy accommodation, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity that will likely be augmented by planned rebuilding in the hurricane-affected areas. The cumulative rise in energy and other costs has the potential to add to inflation pressures; however, core inflation has been relatively low in recent months and longer-term inflation expectations remain contained.
The Committee perceives that, with appropriate monetary policy action, the upside and downside risks to the attainment of both sustainable growth and price stability should be kept roughly equal. With underlying inflation expected to be contained, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.
Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Roger W. Ferguson, Jr.; Richard W. Fisher; Donald L. Kohn; Michael H. Moskow; Mark W. Olson; Anthony M. Santomero; and Gary H. Stern.
In a related action, the Board of Governors unanimously approved a 25-basis point increase in the discount rate to 5 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.