Federal Reserve Board — Press Releases (Monetary Policy)

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee left the federal funds target range unchanged at 3.5 percent to 3.75 percent, citing solid economic expansion but modest job gains and persistent inflation. The statement highlighted elevated price pressures, especially from global energy costs, and noted heightened uncertainty from Middle‑East developments. The Committee reaffirmed its dual mandate of maximum employment and a 2 percent inflation goal, while signaling readiness to adjust policy if risks materialize. Voting showed two members favored a quarter‑point cut, but the majority supported maintaining the current stance.