Federal Reserve Releases Key FOMC Statement

The Federal Reserve released its key FOMC statement on January 28, 2026, at 2:00 p.m. EST, highlighting developments in the economic landscape.

Economic Overview

Current indicators show that economic activity is expanding at a solid pace. Job gains are less robust, with the unemployment rate stabilizing, indicating a nuanced job market. Despite these positive trends, inflation remains elevated, posing challenges for policymakers.

Dual Mandate Goals

The Federal Reserve aims to achieve maximum employment while maintaining inflation at a target rate of 2 percent over the long term. However, uncertainty about the economic outlook persists, prompting careful consideration of risks related to this dual mandate.

Monetary Policy Decisions

• The Committee decided to keep the federal funds rate within the target range of 3.5% to 3.75%.
• Future adjustments will depend on incoming data and the evolving economic outlook.
• The Committee is committed to addressing risks that could hinder the achievement of its economic goals.

Assessing Economic Indicators

The Federal Reserve will continue to monitor a broad array of indicators, such as:

• Labor market conditions
• Inflation pressure
• Inflation expectations
• Financial developments
• International economic impacts

Committee Voting Breakdown

The FOMC’s decisions were supported by key members:

• Jerome H. Powell, Chair
• John C. Williams, Vice Chair
• Michael S. Barr
• Michelle W. Bowman
• Lisa D. Cook
• Beth M. Hammack
• Philip N. Jefferson
• Neel Kashkari
• Lorie K. Logan
• Anna Paulson

Against the action were Stephen I. Miran and Christopher J. Waller, who advocated for a 0.25 percentage point decrease in the rate range.

Contact Information

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Last Update: January 28, 2026