'Fed Will Review Its Strategic Framework Starting in January'

 The Federal Reserve will kick off its twice-a-decade review of its monetary-policy strategy early next year, the central bank said Friday.

The review will cover the Fed's statement of its long-run goals and its approach to monetary policy, but the central bank's 2% inflation target won't be on the agenda, according to the Fed's statement.

Fed officials will begin discussing the review at the central bank's first policy meeting of the year in late January, and the framework review will also include a research conference in mid-May, the Fed said.

"We are open to new ideas and critical feedback and will take onboard lessons from the last five years and adapt our approach where appropriate to best serve the American people, to whom we are accountable," Chair Jerome Powell said.

The most recent framework review began in 2019 and concluded in mid-2020.

https://www.morningstar.com/news/dow-jones/202411227399/fed-will-review-its-strategic-framework-starting-in-january