Fed to Congress: All tools will be used to achieve employment, price stability goals
July 13, 2026 / By ICBA
The Federal Open Market Committee is prepared to use its full range of tools to achieve its maximum employment and price stability goals, according to the Federal Reserve’s latest Monetary Policy Report to Congress.
Details: In the report—which Fed Chair Kevin Warsh is scheduled to testify on tomorrow—the Fed said it views maximum employment as the highest level of employment that can be achieved on a sustained basis in a context of price stability, and price stability is essential for a sound and stable economy.
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