> FOMC Statement Mar 16, 2022: What Changed
> Source: https://interestratedecision.com/fed/statements/march-2022/ · Content last changed: 2026-11-12
> InterestRateDecision.com: free to quote with a link to the page above.

The FOMC statement of Mar 16, 2022 against the one before it: 85 words added, 143 removed, shown in the Fed's own text.

# FOMC statement, Mar 16, 2022

Set against the statement of Jan 26, 2022: 85 words added, 143 removed, 145 kept. The text is the Fed’s, with no reading of what a change means.

Added ~Removed~ Unmarked words are the same as before.

The ~path~ invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy ~continues to depend on~ are highly uncertain, but in the ~course of~ near term the ~virus. Progress on vaccinations~ invasion and ~an easing of supply constraints~ related events are ~expected~ likely to ~support continued gains in economic activity~ create additional upward pressure on inflation and ~employment as well as a reduction in inflation. Risks to the~ weigh on economic ~outlook remain, including from new variants of the virus.~ activity.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to ~keep~ raise the target range for the federal funds rate ~at 0~ to 1/4 ~percent. With inflation well above 2~ to 1/2 percent and ~a strong labor market, the Committee expects it will soon be appropriate to raise~ anticipates that ongoing increases in the target range ~for~ will be appropriate. In addition, the ~federal funds rate. The~ Committee ~decided to continue to reduce the monthly pace of its net asset purchases, bringing them~ expects to ~an end in early March. Beginning in February, the Committee will increase~ begin reducing its holdings of Treasury securities ~by at least $20 billion per month~ and ~of~ agency ~mortgage‑backed securities by at least $10 billion per month. The Federal Reserve's ongoing purchases~ debt and ~holdings of~ agency mortgage-backed securities ~will continue to foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses.~ at a coming meeting.

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 public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Source: [the Federal Reserve’s release of Mar 16, 2022](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a.htm).

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