FOMC meeting statement comparison July 26September 20, 2023 Recent indicators suggest that economic activity has been expanding at a moderatesolid pac
The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to5-1/4 to 5-1/2 percent. The Committee will continue to assess additional information and its implications for monetary policy.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals.
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