What do changes in the Fed’s longer-run goals and monetary strategy statement mean?

What is the Federal Reserve’s “Statement on Longer-Run Goals and Monetary Policy Strategy”? The Federal Open Market Committee (FOMC)—the Federal Reserve governors in Washington and the presidents of the 12 regional Fed banks—first published a Statement on Longer-Run Goals and Monetary Policy Strategy in 2012. That statement included the Fed’s first formal and public commitment … Continue reading What do changes in the Fed’s longer-run goals and monetary strategy statement mean?