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 · experiencing both supply chain bottlenecks and strong demand, such as motor vehicles and furniture, has persisted, and elevated inflation has broadened out to a wider range of items. Services inflation has also stepped up further, reflecting strong wage growth in some service sectors and a significant increase in housing rents.
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