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 September 16, 2020

Press Conference
September 16, 2020

FOMC Minutes: PDF | HTML
Released October 7, 2020

Projection Materials: PDF | HTML
Released September 16, 2020

Upcoming Dates

Nov. 4-5           FOMC Meeting
                         Two-day meeting
                         Press Conference

Nov 25             FOMC Minutes
                         Meeting of Nov. 4-5

Dec. 15-16       FOMC Meeting
                         Two-day meeting
                         Press Conference

January 6        FOMC Minutes
                         Meeting of Dec. 15-16

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: October 8, 2020
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