Board of Governors of the Federal Reserve System

Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue.

Review of Monetary Policy Strategy, Tools, and Communications

In a review conducted over 2019 and 2020, the Fed took a step back to consider whether the U.S. monetary policy framework could be improved to better meet future challenges. Here are the results.

Federal Open Market Committee

Recent Documents

FOMC Statement: PDF | HTML
Released July 31, 2024

FOMC Minutes: PDF | HTML
Released August 21, 2024

Projections Materials: PDF | HTML
Released June 12, 2024

Upcoming Dates

Sep. 17-18 FOMC Meeting
Two-day meeting
Press Conference

Oct. 9 FOMC Minutes
Meeting of Sep. 17-18

Nov. 6-7 FOMC Meeting
Two-day meeting
Press Conference

Nov. 26 FOMC Minutes
Meeting of November 6-7

Monetary Policy Principles and Practice

Six short notes on the principles of sound monetary policy and central banks' practices in setting and implementing monetary policy

Reports

• Monetary Policy Report
• Beige Book
• Federal Reserve Balance Sheet Developments

Policy Normalization

• FOMC Communications related to Policy Normalization
• Q&As
• Related Staff Analysis
• History of the FOMC's Policy Normalization Discussions and Communications

Monetary Policy Operations and the Balance Sheet

• Federal Reserve Balance Sheet
• Federal Reserve Liabilities

Policy Tools

• Open Market Operations
• Discount Window and Discount Rate
• Reserve Requirements
• Interest on Reserve Balances
• Overnight Reverse Repurchase Agreement Facility
• Term Deposit Facility
• Central Bank Liquidity Swaps
• Foreign and International Monetary Authorities (FIMA) Repo Facility
• Standing Overnight Repurchase Agreement Facility
• Expired Policy Tools

Board of Governors of the Federal Reserve System

• About the Fed
• News & Events
• Monetary Policy
• Supervision & Regulation
• Financial Stability
• Payment Systems
• Economic Research
• Data
• Consumers & Communities
• Connect with the Board

Tools and Information

• Contact
• Publications
• Freedom of Information (FOIA)
• Office of Inspector General
• Budget & Performance | Audit
• No FEAR Act
• Español
• Website Policies | Privacy Program
• Accessibility

Stay Connected

Federal Reserve Facebook Page Federal Reserve Instagram Page Federal Reserve YouTube Page Federal Reserve Flickr Page Federal Reserve LinkedIn Page Federal Reserve Threads Page Link to Federal Reserve Twitter Page Subscribe to RSS Subscribe to Email

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue N.W., Washington, DC 20551