Statement on Longer-Run Goals and Monetary Policy Strategy – Adopted effective January 24, 2012; as reaffirmed effective January 26, 2021
The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates. The Committee seeks to explain its monetary policy decisions to the public as clearly as possible. Such clarity facilitates well-informed decisionmaking by households and businesses, reduces economic […]