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    Federal Reserve Issues FOMC Statement: Share

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    The Federal Reserve issued its FOMC statement on June 19, 2019. It decided to maintain the target federal funds rate at 2-1/4 to 2-1/2 percent, as the labor market remains strong and economic activity is rising moderately. While household spending has increased, business investment has been soft. Inflation remains below 2 percent. Given uncertainties in the outlook, the Fed will monitor incoming data and act appropriately to sustain the expansion and achieve its objectives of maximum employment and 2 percent inflation.

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    Federal Reserve Issues FOMC Statement: Share

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    The Federal Reserve issued its FOMC statement on June 19, 2019. It decided to maintain the target federal funds rate at 2-1/4 to 2-1/2 percent, as the labor market remains strong and economic activity is rising moderately. While household spending has increased, business investment has been soft. Inflation remains below 2 percent. Given uncertainties in the outlook, the Fed will monitor incoming data and act appropriately to sustain the expansion and achieve its objectives of maximum employment and 2 percent inflation.

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    The Federal Reserve issued its FOMC statement on June 19, 2019. It decided to maintain the target federal funds rate at 2-1/4 to 2-1/2 percent, as the labor market remains strong and economic activity is rising moderately. While household spending has increased, business investment has been soft. Inflation remains below 2 percent. Given uncertainties in the outlook, the Fed will monitor incoming data and act appropriately to sustain the expansion and achieve its objectives of maximum employment and 2 percent inflation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    47 views1 page

    Federal Reserve Issues FOMC Statement: Share

    Uploaded by

    TREND_7425
    The Federal Reserve issued its FOMC statement on June 19, 2019. It decided to maintain the target federal funds rate at 2-1/4 to 2-1/2 percent, as the labor market remains strong and economic activity is rising moderately. While household spending has increased, business investment has been soft. Inflation remains below 2 percent. Given uncertainties in the outlook, the Fed will monitor incoming data and act appropriately to sustain the expansion and achieve its objectives of maximum employment and 2 percent inflation.

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    June 19, 2019

    Federal Reserve issues FOMC statement

    For release at 2:00 p.m. EDT

     Share

    Information received since the Federal Open Market Committee met in May indicates that the
    labor market remains strong and that economic activity is rising at a moderate rate. Job gains
    have been solid, on average, in recent months, and the unemployment rate has remained low.
    Although growth of household spending appears to have picked up from earlier in the year,
    indicators of business fixed investment have been soft. On a 12-month basis, overall inflation
    and inflation for items other than food and energy are running below 2 percent. Market-based
    measures of inflation compensation have declined; survey-based measures of longer-term
    inflation expectations are little changed.

    Consistent with its statutory mandate, the Committee seeks to foster maximum employment and
    price stability. In support of these goals, the Committee decided to maintain the target range for
    the federal funds rate at 2-1/4 to 2-1/2 percent. The Committee continues to view sustained
    expansion of economic activity, strong labor market conditions, and inflation near the
    Committee's symmetric 2 percent objective as the most likely outcomes, but uncertainties about
    this outlook have increased. In light of these uncertainties and muted inflation pressures, the
    Committee will closely monitor the implications of incoming information for the economic
    outlook and will act as appropriate to sustain the expansion, with a strong labor market and
    inflation near its symmetric 2 percent objective.

    In determining the timing and size of future adjustments to the target range for the federal funds
    rate, the Committee will assess realized and expected economic conditions relative to its
    maximum employment objective and its symmetric 2 percent inflation objective. This
    assessment will take into account a wide range of information, including measures of labor
    market conditions, indicators of inflation pressures and inflation expectations, and readings on
    financial and international developments.

    Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice
    Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Charles L. Evans; Esther L.
    George; Randal K. Quarles; and Eric S. Rosengren. Voting against the action was James Bullard,
    who preferred at this meeting to lower the target range for the federal funds rate by 25 basis
    points.

    Implementation Note issued June 19, 2019

    Last Update: June 19, 2019

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