The Federal Open Market Committee has begun discussing its next steps as the U.S. economy continues to strengthen. In the September 2021 meeting statement, the Federal Reserve said that strong policy support and progress on vaccinations have benefited the economy, and the sectors most adversely affected by the pandemic have improved in recent months.
The path of the economy continues to depend on the course of the virus. If the economy’s progress continues broadly as expected, the Fed said that a moderation in the pace of asset purchases may soon be warranted.
The Committee kept the target range for short-term interest rates near zero and expects it will be appropriate to maintain this target until it meets the goals of maximum employment and price stability. The FOMC will continue to monitor implications of new information on the economy and adjust their stance on monetary policy should it be necessary.
What does this mean for you? Let’s rewind.
September 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.