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FOMC Past Records:

 

Updates on 7 July 2019 (SGT)

 

Federal Reserve Published Monetary Policy Report to Congress dated 5 July 2019.

 

Updates on 26 June 2019

Federal Reserve Published on 25 June 2019:

A Conversation with Jerome H. Powell, Tuesday, June 25, 2019

 

Updates on 20 June 2019

FOMC Press Released on 19 June 2019:

Federal Reserve issues FOMC statement

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2.25% to 2.50%. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2% objective as the most likely outcomes, but uncertainties about this outlook have increased. In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective.

FOMC Statement (19 June 2019)

 

Read Chair Powell's opening statement from the FOMC press conference here.

 

Updates on 23 May 2019

FOMC Minutes (30 April 1 May 2019) released on 22 May 2019

The Committee decided to maintain the federal funds rate in a target range of 2.25% to 2.50%, including overnight reverse repurchase operations at an offering rate of 2.25%, in amounts limited only by the value of Treasury securities held outright in the System Open Market Account that are available for such operations and by a per-counterparty limit of $30 billion per day.

 

The Committee decided to roll over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that exceeds $15 billion. The Committee decided to continue reinvesting in agency mortgage-backed securities the amount of principal payments from the Federal Reserve's holdings of agency debt and agency mortgage-backed securities received during each calendar month that exceeds $20 billion. Small deviations from these amounts for operational reasons are acceptable.

 

The Committee decided to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency mortgage-backed securities transactions.

 

Updates on 30 April 2019

FOMC Press Conference on 30 April 2019

To foster maximum employment and price stability, the Committee decided to maintain the target range for the federal funds rate at 2.25% to 2.50%.

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Minutes of the Federal Open Market Committee (FOMC) dated 19-20 March 2019

◦The Committee intends to slow the reduction of its holdings of Treasury securities by reducing the cap on monthly redemptions from the current level of $30 billion to $15 billion beginning in May 2019.

◦The Committee intends to conclude the reduction of its aggregate securities holdings in the System Open Market Account (SOMA) at the end of September 2019.

◦The Committee intends to continue to allow its holdings of agency debt and agency mortgage-backed securities (MBS) to decline, consistent with the aim of holding primarily Treasury securities in the longer run.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2.25-2.50 %. The Committee continues to view sustained expansion of economic activity, strong labour market conditions, and inflation near the Committee's symmetric 2% objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.

 

Other past records were being wiped off in our terminated Twitter account on 10 April 2019.

 

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