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 November 5, 2020

Press Conference
November 5, 2020

FOMC Minutes: PDF | HTML
Released October 7, 2020

Projection Materials: PDF | HTML
Released September 16, 2020

Upcoming Dates

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

Jan. 26-27        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: November 24, 2020
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