Does the FOMC make public its objectives for monetary policy?
Yes, a statement is released at about 2:15 p.m. on the final day of each FOMC meeting. The disclosure policy has evolved over the years as the FOMC has sought to provide more information on its views on economic activity and risks to the outlook. • From 1994 through 1998, a written statement was released whenever the FOMC changed interest rates. • In 1995, the statement began to include the objective for the federal funds rate. • In late 1998, the FOMC began releasing a statement immediately after certain meetings when the stance of monetary policy remained unchanged but the Committee nonetheless wanted to communicate to the public a major shift in its views about the balance of risks or the likely direction of future policy. • Since February 2000, the FOMC has issued a statement after each meeting. That statement has usually included language that describes the Committee’s judgment about the risks to the attainment of its long-run goals of price stability and sustainable economic grow
