The Federal Reserve is reviewing its monetary policy framework in light of the experience of the past five years, Fed Chairman Jerome Powell said.
Powell indicates Fed may tweak monetary policy framework
May 16, 2025 / By ICBA
The Federal Reserve is reviewing its monetary policy framework in light of the experience of the past five years, Fed Chairman Jerome Powell said.
The Federal Reserve is reviewing its monetary policy framework in light of the experience of the past five years, Fed Chairman Jerome Powell said.
Details: Speaking in Washington, Powell said the review also will consider possible enhancements to the Federal Open Market Committee’s policy communication tools related to forecasts, uncertainty, and risk.
Consensus Statement: In the coming months, the Fed will consider specific changes to the FOMC’s consensus statement, Powell said. For instance, participants have indicated a need to reconsider language around shortfalls and inflation targeting while ensuring adaptability to a wide range of economic environments and developments.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
