🔒Restoring price stability is essential to achieve strong labor market conditions.
📈The economy has made good progress towards the dual mandate objectives.
⚖️The risks to achieving employment and inflation goals are moving into better balance.
🌍The Fed's actions affect communities, families, and businesses across the country.
💼The Fed remains committed to its mission of maximum employment and price stability.
What are the dual mandate objectives of the Federal Reserve?
—The dual mandate objectives of the Federal Reserve are to promote maximum employment and stable prices for the American people.
What is the current inflation rate?
—The current inflation rate is above the Fed's 2% goal, but ongoing progress is being made to bring it down.
What actions has the Federal Reserve taken to tighten monetary policy?
—The Federal Reserve has raised the policy interest rate and reduced securities holdings to tighten monetary policy.
What factors will determine the reduction of policy restraint?
—The reduction of policy restraint will depend on further evidence of sustained progress in bringing down inflation.
How do the Federal Reserve's actions affect the economy?
—The Federal Reserve's actions have an impact on communities, families, and businesses across the country.
02:05The Federal Reserve remains focused on promoting maximum employment and stable prices for the American people.
02:23Inflation has eased from its highs, but ongoing progress is needed to bring it down further.
02:45The Federal Reserve has significantly tightened monetary policy over the past two years.
04:11The labor market remains tight, but supply and demand conditions are coming into better balance.
05:50Reducing policy restraint too soon or too much could result in a reversal of progress on inflation.
07:16The risks to achieving employment and inflation goals are moving into better balance.
09:26The Federal Reserve is looking for greater confidence that inflation is moving sustainably down to 2%.
11:10The Federal Reserve wants to see more good data to confirm the sustained progress in bringing down inflation.
