FOMC statement of June 17, 2026
This statement of the Federal Open Market Committee, compared sentence by sentence with the scheduled statement before it: what changed in the text, and how the Committee voted.
In short
The Federal Open Market Committee released this statement on June 17, 2026. Compared with the previous scheduled statement of April 29, 2026: 1 sentence changed, 6 were added, 12 were removed, and 0 stayed the same. In words: 112 added, 289 removed. The vote on this statement: Vote 12-0. Unanimous. On the April 29, 2026 statement: 4 members voted against: Stephen I. Miran, Beth M. Hammack, Neel Kashkari, Lorie K. Logan.
FOMC statement · June 17, 2026
Changed sentences against the previous scheduled statement (April 29, 2026)
0 unchanged · 1 changed · 6 added · 12 removed · words +112 / −289
- April 29, 2026
- 4 members voted against: Stephen I. Miran, Beth M. Hammack, Neel Kashkari, Lorie K. Logan.
- June 17, 2026
- Vote 12-0. Unanimous.
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 Federal Open Market Committee approved the following statement for release by a 12 - 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate.
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 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.
The Committee reaffirmed its policy of maintaining ample reserves in the banking system.
Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East.
Productivity growth and capital investment are strong.
Job gains have kept pace with the workforce, and the unemployment rate has changed little.
Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy.
The Committee will deliver price stability.
Source: Board of Governors of the Federal Reserve System — the statement on federalreserve.gov · April 29, 2026
How to read this page
The page sets this statement of the Federal Open Market Committee next to the scheduled statement before it, sentence by sentence. The Fed’s sentences are shown as published, in English.
In a changed sentence, the words that were dropped are struck through and the new words are underlined. A sentence found only in the newer statement is marked as added; one found only in the older statement, as removed. Sentences that did not change are collapsed.
The counts say how many sentences fall into each of those groups, and how many words were added and removed. They count edits; they do not weigh them.
The vote lines show how the Committee voted on each statement and who voted against, as the statement itself reports it.
The comparison is made by a fixed rule, not by a model, and it reads nothing into the text.
The Fed’s text is shown in its original English and is not translated. This page only shows what changed in the text; it is not a reading of direction, tone or risk, and it is not part of the MVIE score. MVIE Pro is independent research and is not affiliated with the Federal Reserve.