August 22, 2025
Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy
For release at 10:00 a.m. EDT
T1The Federal Open Market Committee (FOMC) on Friday announced the unanimous approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy, which articulates the Committee's approach to monetary policy and serves as the foundation for its policy actions. The updated statement, also commonly known as the consensus statement, emphasizes that the FOMC's monetary policy strategy is designed to T2promote the congressionally-assigned goals of maximum employment and stable prices across a broad range of economic conditions for the benefit and well-being of all Americans.
The Committee first adopted a framework statement in 2012. The first public review of its framework took place in 2019-20, and the 2025 review was announced in November 2024. T3Today's updates reflect lessons from the economy over the past five years, and are intended to enhance the transparency, accountability, and effectiveness of monetary policy.
The 2025 review included Fed Listens events at Reserve Banks around the country and a research conference that was held in May. T4The Committee's two percent longer-run inflation goal was not a focus of the review.
For media inquiries, please email [email protected] or call 202-452-2955.
Statement on Longer-Run Goals and Monetary Policy Strategy (PDF)
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 0 | 0 | 0 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Source: Board of Governors of the Federal Reserve System · public domain · Highlights by Palanor