It’s always a good idea to read the FOMC statement one last time before the new one is released. You can be sure the jobs lines will be changed to highlight better hiring.
Federal Reserve issues FOMC statement
Recent indicators suggest that economic activity has been expanding
at a solid pace. Job gains have remained low, on average, and the
unemployment rate has been little changed in recent months. Inflation is
elevated, in part reflecting the recent increase in global energy
prices.
The Committee seeks to achieve maximum employment and inflation at
the rate of 2 percent over the longer run. Developments in the Middle
East are contributing to a high level of uncertainty about the economic
outlook. The Committee is attentive to the risks to both sides of its
dual mandate.
In support of its goals, the Committee decided to maintain the target
range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In
considering the extent and timing of additional adjustments to the
target range for the federal funds rate, the Committee will carefully
assess incoming data, the evolving outlook, and the balance of risks.
The Committee is strongly committed to supporting maximum employment and
returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee
will continue to monitor the implications of incoming information for
the economic outlook. The Committee would be prepared to adjust the
stance of monetary policy as appropriate if risks emerge that could
impede the attainment of the Committee’s goals. The Committee’s
assessments will take into account a wide range of information,
including readings on labor market conditions, inflation pressures and
inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair;
John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa
D. Cook; Philip N. Jefferson; Anna Paulson; and Christopher J. Waller.
Voting against this action were Stephen I. Miran, who preferred to lower
the target range for the federal funds rate by 1/4 percentage point at
this meeting; and Beth M. Hammack, Neel Kashkari, and Lorie K. Logan,
who supported maintaining the target range for the federal funds rate
but did not support inclusion of an easing bias in the statement at this
time.
SOURCE LINK : For reference: The FOMC statement from the April 28-29 meeting
