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Sep 21, 2022 1 min, 25 secs
The Federal Reserve, the central bank of the United States, provides.

the nation with a safe, flexible, and stable monetary and financial.

Federal Open Market Committee.

Monetary Policy Principles and Practice.

Policy Implementation.

Review of Monetary Policy Strategy, Tools, and.

Financial Stability Assessments

Financial Stability Coordination & Actions

Financial Market Utilities & Infrastructures

Financial Accounts

Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures

The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity

The Committee is highly attentive to inflation risks

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run

In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3 to 3-1/4 percent and anticipates that ongoing increases in the target range will be appropriate

In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May

The Committee is strongly committed to returning inflation to its 2 percent objective

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook

The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals

The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments

Voting for the monetary policy action were Jerome H

Board of Governors of the Federal Reserve System

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