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Differences Between Previous and Current FOMC Statements

Posted To: MBS Commentary

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. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Following a moderation in the pace of the recovery,Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have turned up recently, although thestrengthened. The sectors most adversely affected by the pandemic remain weak.weak but have shown improvement. Inflation continues to run below 2 percent.has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the…(read more)

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