Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue.

Review of Monetary Policy Strategy, Tools, and Communications

In a review conducted over 2019 and 2020, the Fed took a step back to consider whether the U.S. monetary policy framework could be improved to better meet future challenges. Here are the results.

Federal Open Market Committee

Recent Documents

FOMC Statement: PDF | HTML
Released February 1, 2023

Press Conference
February 1, 2023

Projection Materials: PDF | HTML
Released December 14, 2022

FOMC Minutes: PDF | HTML
Released January 4, 2023

Upcoming Dates

Feb. 22            FOMC Minutes
                         Meeting of Jan. 31-Feb. 1

Mar. 21-22       FOMC Meeting
                         Two-day meeting
                         Press Conference

May 2-3            FOMC Meeting
                         Two-day meeting
                         Press Conference

Monetary Policy Principles and Practice

Six short notes on the principles of sound monetary policy and central banks' practices in setting and implementing monetary policy

View Notes


Last Update: February 1, 2023
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