According to the Federal Open Market Committee’s July meeting statement, the Federal Reserve will continue to help support the flow of credit to households and businesses by keeping interest rates near zero and expanding purchases of U.S. Treasury and mortgage-backed securities. The statement also noted that the rise in inflation continues to be due to transitory factors and is temporary.
The Fed is committed to fully supporting the economy and working towards its goals of maximum employment and price stability during the COVID-19 pandemic. The FOMC will continue monitoring public health, labor market conditions, inflation, and financial and international developments.
What does that mean for you? Let’s rewind.
July 2021 FOMC Rewind
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The views expressed here do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve System.