External resource

FOMC Statement on Longer-Run Goals and Monetary Policy Strategy

The Federal Open Market Committee's strategy statement reaffirmed in January 2026, including its employment and price stability framework.

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Publisher: Board of Governors of the Federal Reserve System
Standing: Primary authority
Version: Reaffirmed effective January 27, 2026
Relevant parts: Entire statement, especially paragraphs on maximum employment, 2 percent PCE inflation, and policy lags
Currency: current · checked Aug 7, 2026

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The statement anchors the institutional meaning of the Committee's employment and price-stability objectives and identifies 2 percent PCE inflation as the longer-run rate. It also notes that monetary policy affects the economy with lags, reinforcing the distinction between a target, an instrument, and an observed outcome.

Because the document is reaffirmed or revised over time, the record has a short review interval. It cannot substitute for a current meeting statement, projection, minutes release, or implementation directive.