BoardofGovernorsoftheFederalReserveSystemForuseat11:00a.m.EDTJune16,2023MonetaryPolicyReportJune16,2023LetterofTransmittalBoardofGovernorsoftheFederalReserveSystemWashington,D.C.,June16,2023ThePresidentoftheSenateTheSpeakeroftheHouseofRepresentativesTheBoardofGovernorsispleasedtosubmititsMonetaryPolicyReportpursuanttosection2BoftheFederalReserveAct.Sincerely,JeromeH.Powell,ChairStatementonLonger-RunGoalsandMonetaryPolicyStrategyAdoptedeffectiveJanuary24,2012;asreaffirmedeffectiveJanuary31,2023TheFederalOpenMarketCommittee(FOMC)isfirmlycommittedtofulfillingitsstatutorymandatefromtheCongressofpromotingmaximumemployment,stableprices,andmoderatelong-terminter...