by Philip S. Chao | Jun 12, 2024 | Central Bank, FOMC, Individuals, Institutions, Regulations
Squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. (affirming commitment) Inflation has eased notably over the past two years but remains above the longer-run goal of 2 percent. Total...
by Philip S. Chao | Jun 12, 2024 | Central Bank, FOMC, Individuals, Institutions
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Inflation has eased over the past...
by Philip S. Chao | Jun 6, 2024 | Central Bank, Individuals, Institutions
Summary Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. (new) Since the Governing Council meeting in September 2023,...
by Philip S. Chao | May 1, 2024 | Central Bank, FOMC, Individuals, Institutions
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. (No Change) Inflation has eased over the past...
by Philip S. Chao | May 1, 2024 | Central Bank, FOMC, Individuals, Institutions
Summary Inflation is still too high, ongoing progress in bringing it down is not assured, and the path forward is uncertain. We are fully committed to returning inflation to our 2 percent goal (commitment and credibility). Our restrictive stance of monetary policy has...