Monetary Policy

Monetary policy refers to the actions a central bank, such as the Federal Reserve, takes to achieve national economic goals by influencing the availability and cost of money and credit. Changes in interest rates and various other monetary policy tools can affect a wide range of outcomes, including economic growth, employment, and the prices for goods and services.

The SF Fed conducts extensive research on domestic and global monetary policy. This page features a collection of content related to monetary policy, including topics such as interest rates, forward guidance, the balance sheet, the FOMC, and global central banks.


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