Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy"

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 27. It is reproduced in full below.

The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its "Statement of Longer-Run Goals and Monetary Policy Strategy." The reaffirmed statement is identical to the statement adopted in August 2020 following the Committee's review of its monetary policy strategy, tools, and communication practices , which included numerous public Fed Listens events around the country. The Committee first adopted a framework statement in 2012.

Statement on Longer-Run Goals and Monetary Policy Strategy (PDF) Reaffirmed Jan. 26, 2021

Source: Board of Governors of the Federal Reserve System