ReleaseFederal Reserve Board

Federal Reserve issues FOMC statement

Federal Reserve Board published "Federal Reserve issues FOMC statement" at 2022-03-16 18:00 UTC. First seen on Kresmion 2026-10-27 00:06 UTC, 1685 days after publication.

As of 2022-03-16 18:00 UTC. Source: www.federalreserve.gov. Method and limitations.

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): 2022-03-16 18:00 UTC
First seen on Kresmion: 2026-10-27 00:06 UTC, 1685 days after publication

The original

Open the original on www.federalreserve.gov

Link not checked yet: one check due 2026-11-26 (the source published this record more than 7 days before Kresmion first saw it).

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

What changed

FOMC statement, meeting of Mar 16, 2022

What changed since Jan 26, 202245.8% of words changed219 words removed, 137 added

~~removed~~added

and employment have continued to strengthen. ~~removed: The sectors most adversely affected by the pandemic have improved in recent months but are being affected by the recent sharp rise in COVID-19 cases.~~ Job gains have been ~~removed: solid~~ added: strong in recent months, and the unemployment rate has declined substantially. ~~removed: Supply~~ added: Inflation remains elevated, reflecting supply and demand imbalances related to the ~~removed: pandemic~~ added: pandemic, higher energy prices, and removed: the reopening of the economy have continued to contribute to elevated levels of inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. added: broader price pressures. The ~~removed: path~~ added: invasion of added: Ukraine by Russia is causing tremendous human and economic hardship. The implications for the added: U.S. economy ~~removed: continues~~ added: are highly uncertain, but in the near term the invasion and related events are likely to ~~removed: depend~~ added: create additional upward pressure on ~~removed: the course of the virus. Progress~~ added: inflation and weigh on ~~removed: vaccinations and an easing of supply constraints are expected to support continued gains in~~ economic ~~removed: activity and employment as well as a reduction in inflation. Risks to the economic outlook remain, including from new variants of the virus.~~ added: activity. The Committee seeks to achieve maximum
2 percent over the longer run. added: With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to ~~removed: keep~~ added: raise the target range for the federal funds rate ~~removed: at 0~~ to 1/4 ~~removed: percent. With inflation well above 2~~ added: to 1/2 percent and ~~removed: a strong labor market,~~ added: anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee expects ~~removed: it will soon be appropriate~~ to removed: raise the target range for the federal funds rate. The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. Beginning in February, the Committee will increase added: begin reducing its holdings of Treasury securities ~~removed: by~~ added: and agency debt and agency mortgage-backed securities at removed: least $20 billion per month and of agency mortgage‑backed securities by at least $10 billion per month. The Federal Reserve's ongoing purchases and holdings of securities will continue to foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses. added: a coming meeting. In assessing the appropriate stance of
Chair; Michelle W. Bowman; Lael Brainard; ~~removed: James Bullard;~~ Esther L. George; Patrick Harker; Loretta J. Mester; and Christopher J. Waller. added: Voting against this action was James Bullard, who preferred at this meeting to raise the target range for the federal funds rate by 0.5 percentage point to 1/2 to 3/4 percent. Patrick Harker voted as an alternate

Full redline

Indicators of economic activity and employment have continued to strengthen. ~~removed: The sectors most adversely affected by the pandemic have improved in recent months but are being affected by the recent sharp rise in COVID-19 cases.~~ Job gains have been ~~removed: solid~~ added: strong in recent months, and the unemployment rate has declined substantially. ~~removed: Supply~~ added: Inflation remains elevated, reflecting supply and demand imbalances related to the ~~removed: pandemic~~ added: pandemic, higher energy prices, and removed: the reopening of the economy have continued to contribute to elevated levels of inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. added: broader price pressures.

The ~~removed: path~~ added: invasion of added: Ukraine by Russia is causing tremendous human and economic hardship. The implications for the added: U.S. economy ~~removed: continues~~ added: are highly uncertain, but in the near term the invasion and related events are likely to ~~removed: depend~~ added: create additional upward pressure on ~~removed: the course of the virus. Progress~~ added: inflation and weigh on ~~removed: vaccinations and an easing of supply constraints are expected to support continued gains in~~ economic ~~removed: activity and employment as well as a reduction in inflation. Risks to the economic outlook remain, including from new variants of the virus.~~ added: activity.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. added: With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to ~~removed: keep~~ added: raise the target range for the federal funds rate ~~removed: at 0~~ to 1/4 ~~removed: percent. With inflation well above 2~~ added: to 1/2 percent and ~~removed: a strong labor market,~~ added: anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee expects ~~removed: it will soon be appropriate~~ to removed: raise the target range for the federal funds rate. The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. Beginning in February, the Committee will increase added: begin reducing its holdings of Treasury securities ~~removed: by~~ added: and agency debt and agency mortgage-backed securities at removed: least $20 billion per month and of agency mortgage‑backed securities by at least $10 billion per month. The Federal Reserve's ongoing purchases and holdings of securities will continue to foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses. added: a coming meeting.

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. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; ~~removed: James Bullard;~~ Esther L. George; Patrick Harker; Loretta J. Mester; and Christopher J. Waller. added: Voting against this action was James Bullard, who preferred at this meeting to raise the target range for the federal funds rate by 0.5 percentage point to 1/2 to 3/4 percent. Patrick Harker voted as an alternate member at this meeting.

Kresmion's comparison of the two published texts: a word-by-word diff of the Federal Reserve's statement of Mar 16, 2022 against its statement of Jan 26, 2022, 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 26, 2022

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