Federal Reserve issues FOMC statement

The record

Publisher

Federal Reserve Board

Agency

Federal Open Market Committee

Source

Federal Reserve Board

Kind

Release

Jurisdiction

United States

Topics

Monetary policy

Importance

Headline, the top of three tiers Kresmion sets by fixed rules from the source's own fields

Published (source time)

2020-03-03 15:00 UTC

First seen on Kresmion

2026-10-27 00:06 UTC, 2428 days after publication

The original

Source: Board of Governors of the Federal Reserve System (federalreserve.gov). Public domain.

What changed

FOMC statement, meeting of Mar 3, 2020

What changed since Jan 29, 202072.0% of words changed250 words removed, 63 added

removedadded

• removed: Information received since added: The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee removed: met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a moderate pace, business fixed investment and exports remain weak. On a 12‑month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed. Consistent with its statutory mandate, the Committee seeks added: decided today to removed: foster maximum employment and price stability. The Committee decided to maintain added: lower the target range for the federal funds rate removed: at 1‑1/2 added: by 1/2 percentage point, to removed: 1-3/4 added: 1 to 1‑1/4 percent. The Committee removed: judges that added: is closely monitoring developments and their implications for the removed: current stance of monetary policy is added: economic outlook and will use its tools and act as appropriate to support removed: sustained expansion of economic activity, strong labor market conditions, and inflation returning to the removed: Committee's symmetric 2 percent objective. The Committee will continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path of the target range for the federal funds rate. In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. added: economy. Voting for the monetary policy action ...

Kresmion's comparison of the two published texts: a word-by-word diff of the Federal Reserve's statement of Mar 3, 2020 against its statement of Jan 29, 2020, computed by Kresmion, not by the Federal Reserve.

Source: Board of Governors of the Federal Reserve System (federalreserve.gov). Public domain.

• The previous statement, Jan 29, 2020