Differences Between Previous and Current FOMC Statements

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. ProgressWith progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress andand strong policy support, indicators of economic activity and employment have strengthened.continued to strengthen. The sectors most adversely affected by the pandemic remain weakhave shown improvement but have shown improvement.not fully recovered. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path of the economy...(read more)

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