Monetary policy normalization

At its December 2015 meeting, the Federal Open Market Committee (FOMC) decided that economic conditions and the economic outlook warranted the commencement of the policy normalization process and the Committee voted to raise the target range for the federal funds rate, the first change since December 2008.

Additional information on the monetary policy normalization process and the FOMC’s plans is available on this website.

Policy Normalization

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Last Update: February 16, 2017