Transcription of Monetary olicy rePort
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Monetary olicy rePort
Board of Governors of the Federal Reserve SystemFor use at 11:00 ESTF ebruary 25, 2022 Monetary Policy rePortFebruary 25, 2022 Letter of transmittaLBoard of Governors of the Federal Reserve SystemWashington, , February 25, 2022 The President of the Senate The Speaker of the House of RepresentativesThe Board of Governors is pleased to submit its Monetary Policy rePort pursuant to section 2B of the Federal Reserve ,Jerome H. Powell, ChairmanStatement on Longer-run goaLS and Monetary PoLicy StrategyAdopted effective January 24, 2012; as reaffirmed effective January 25, 2022 The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates.
Feb 25, 2022 · Recent Economic and Financial Developments Economic activity and the labor market. In the second half of 2021, gross domestic product (GDP) growth slowed somewhat from its brisk first-half pace but nevertheless rose at a solid annualized rate of 4.6 percent. Average monthly job gains remained robust at 575,000 in the second half.
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