BoardofGovernorsoftheFederalReserveSystemForuseat11:00a.m.EDTJune17,2022MonetaryPolicyrePortJune17,2022LetterofTransmittalBoardofGovernorsoftheFederalReserveSystemWashington,D.C.,June17,2022ThePresidentoftheSenateTheSpeakeroftheHouseofRepresentativesTheBoardofGovernorsispleasedtosubmititsMonetaryPolicyReportpursuanttosection2BoftheFederalReserveAct.Sincerely,JeromeH.Powell,ChairStatementonLonger-RunGoalsandMonetaryPolicyStrategyAdoptedeffectiveJanuary24,2012;asreaffirmedeffectiveJanuary25,2022TheFederalOpenMarketCommittee(FOMC)isfirmlycommittedtofulfillingitsstatutorymandatefromtheCongressofpromotingmaximumemployment,stableprices,andmoderatelong-terminter...