FOMC September Press Conference
Live time: Sep 16, 2026 18:30
Summary
00:52
Opening Remarks by FOMC Chairman
The FOMC Chairman opens the meeting and announces the decision to increase the federal funds rate target range by 0.25 percentage points to 3.75%-4.00%, aligning with the Fed's dual mandate.
01:19
Economic Activity Overview by FOMC Chairman
The Chairman explains that economic activity is expanding at a solid pace despite uncertainties caused by geopolitical developments. Strong productivity and steady capital investments support this growth.
01:47
Inflation and Pricing Stability by FOMC Chairman
The Chairman emphasizes the importance of achieving price stability at the 2% inflation target and mentions that inflation remains elevated despite recent data improvements.
02:50
Resilience of U.S. Economy by FOMC Chairman
The Chairman highlights U.S. economic resilience despite uncertainties, reinforced by robust labor market conditions and low unemployment rates of around 4.1%. However, inflation levels continue to require attention.
04:51
FOMC Policy Statement and Inflation Targeting
The Chairman reflects on the FOMC's July decision to wait for new data before adjusting rates. He affirms the priority of restoring inflation to the 2% target while considering geopolitical and economic dynamics.
06:12
Economic Projections Summary by FOMC Chairman
The Chairman outlines key projections: 2023 GDP growth at 2.3%, inflation at 3.7%, with 2024 inflation cooling to 2.3%. Unemployment remains at 4.1%, and appropriate federal funds rate is judged at 4.1% by year's end.
07:24
Role of the Federal Reserve by FOMC Chairman
The Chairman underscores the Fed's commitment to fostering durable economic expansion, stable labor markets, and the greatest benefits to the economically disadvantaged groups.
08:03
Effectiveness of Rate Hikes — Analyst: Richard (CBS)
The Chairman explains that rate hikes aim to prevent secondary and tertiary effects of inflation rather than addressing individual price shocks, such as oil prices or grocery costs.
09:02
Inflation and Rate Adjustment Approach — Analyst: Colby Smith (NYT)
The Chairman discusses the Fed's discipline in responding to broader inflation causes, emphasizing a careful approach rather than pre-emptive actions based on limited data.
11:46
Economic Foundation and Policy Decisions — Analyst: Elizabeth Schultz (ABC News)
The Chairman denies specific discussions with the U.S. President and reiterates the dual mandate's goals of price stability and supporting a strong labor market.
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