ReleaseFederal Reserve Board
Federal Reserve issues FOMC statement
Federal Reserve Board published "Federal Reserve issues FOMC statement" at 2022-06-15 18:00 UTC. First seen on Kresmion 2026-10-27 00:06 UTC, 1594 days after publication.
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)
- 2022-06-15 18:00 UTC
- First seen on Kresmion
- 2026-10-27 00:06 UTC, 1594 days after publication
The original
Open the original on www.federalreserve.govLink 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 Jun 15, 2022
What changed since May 4, 202219.4% of words changed70 words removed, 72 added
removedadded
removed: Although overalladded: Overall economic activityremoved: edgedadded: appears to have picked up after edging down in the firstremoved: quarter, household spending and business fixed investment remained strong.added: quarter. Job gains have been robust in- months, and the unemployment rate has
removed: declined substantially.added: remained low. Inflation remains elevated, reflecting supply and - tremendous human and economic hardship. The
removed: implications for the U.S. economy are highly uncertain. Theinvasion and related events are creating - upward pressure on inflation and are
removed: likely to weighadded: weighing on added: global economic activity. In addition, COVID-related lockdowns - 2 percent over the longer run.
removed: 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 - for the federal funds rate to
removed: 3/4added: 1‑1/2 toremoved: 1added: 1-3/4 percent and anticipates that ongoing increases - be appropriate. In addition, the Committee
removed: decided to beginadded: will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backedremoved: securities on June 1,added: securities, as described in the Plans for - Balance Sheet that were issued in
removed: conjunction with this statement.added: May. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of - could impede the attainment of the
removed: Committee’sadded: Committee's goals. The Committee's assessments will take - W. Bowman; Lael Brainard; James Bullard;
removed: Esther L. George;added: Lisa D. Cook; Patrick Harker; added: Philip N. Jefferson; Loretta J. Mester; and Christopher J. Waller. added: Voting against this action was Esther L. George, who preferred at this meeting to raise the target range for the federal funds rate by 0.5 percentage point to 1-1/4 percent to 1-1/2 percent. Patrick Harker voted as an alternate
Full redline
removed: Although overall added: Overall economic activity removed: edged added: appears to have picked up after edging down in the first removed: quarter, household spending and business fixed investment remained strong. added: quarter. Job gains have been robust in recent months, and the unemployment rate has removed: declined substantially. added: remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.
The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The removed: implications for the U.S. economy are highly uncertain. The invasion and related events are creating additional upward pressure on inflation and are removed: likely to weigh added: weighing on added: global economic activity. In addition, COVID-related lockdowns in China are likely to exacerbate supply chain disruptions. 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. removed: 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 raise the target range for the federal funds rate to removed: 3/4 added: 1‑1/2 to removed: 1 added: 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee removed: decided to begin added: will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed removed: securities on June 1, added: securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in removed: conjunction with this statement. added: 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 removed: Committee’s added: 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; James Bullard; removed: Esther L. George; added: Lisa D. Cook; Patrick Harker; added: Philip N. Jefferson; Loretta J. Mester; and Christopher J. Waller. added: Voting against this action was Esther L. George, who preferred at this meeting to raise the target range for the federal funds rate by 0.5 percentage point to 1-1/4 percent to 1-1/2 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 Jun 15, 2022 against its statement of May 4, 2022, computed by Kresmion, not by the Federal Reserve.
Source: Board of Governors of the Federal Reserve System (federalreserve.gov). Public domain.
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