FOMC Communications Related to Policy Normalization
At its meetings in November and December 2018 and in January and March 2019, the FOMC discussed issues associated with its longer-run implementation framework for monetary policy and balance sheet normalization.
At the conclusion of the March 2019 FOMC meeting, the Federal Reserve issued the following statement providing additional information regarding its plans for the size of its securities holdings and the transition to the longer-run operating regime:
At the conclusion of the January 2019 FOMC meeting, the Federal Reserve issued the following statement that it intends to continue to implement monetary policy in a regime with an ample supply of reserves and in which control over the level of the federal funds rate is exercised primarily through the setting of the Federal Reserve's administered rates.
FOMC Discussions Leading to the Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization and to the Balance Sheet Normalization Principles and Plans
- Minutes of the Federal Open Market Committee, November 7-8, 2018
- Minutes of the Federal Open Market Committee, December 18-19, 2018
- Minutes of the Federal Open Market Committee, January 29-30, 2019