FOMC statement says it would be prepared to adjust if risks emerge that would impede goals

Highlights of the September 16, 2020 FOMC statement:

  • Statement adopts nod to average inflation target
  • Fed funds rate held in 0.00-0.25% range, as expected
  • Overall financial conditions have improved in recent months
  • Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year
  • Repeats that virus poses ‘ considerable risks’ over the medium term