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 April 28, 2021

Press Conference
April 28, 2021

Projection Materials: PDF | HTML
Released March 17, 2021

FOMC Minutes: PDF | HTML
Released April 7, 2021

Upcoming Dates

May 19            FOMC Minutes
                         Meeting of Apr. 27-28

June 15-16       FOMC Meeting
                         Two-day meeting
                         Press Conference

July 7             FOMC Minutes
                         Meeting of June 15-16

July 27-28       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: April 28, 2021
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