The raw transcripts were not fully edited for accuracy at the time they were prepared because they were intended only as an aid to the Secretariat in preparing meeting minutes. Nonetheless, for the pre-1994 transcripts, errors undoubtedly remain. In some instances, words have been added in brackets to complete a speaker's apparent thought or to correct an obvious transcription error or misstatement. In addition, where one or more words were missed or garbled in the transcription, the notation "unintelligible" has been inserted. These records have also been lightly edited by the Secretariat to facilitate the reader's understanding. Meeting participants are given an opportunity within the subsequent several weeks to review the transcript for accuracy.įor the meetings before 1994, the transcripts were produced from the original, raw transcripts in the FOMC Secretariat's files. Beginning with the 1994 meetings, the FOMC Secretariat has produced the transcripts shortly after each meeting from an audio recording of the proceedings, lightly editing the speakers' original words, where necessary, to facilitate the reader's understanding. The most detailed record of FOMC meeting proceedings is the transcript. Statement on Longer-Run Goals and Monetary Policy Strategyįirst released in January 2012, this statement articulates the framework for monetary policy and serves as the foundation for the Committee’s policy actions Detailed Description of Documents Available Transcripts Qualitative view of economic developments by District Records of discussions and decisions at FOMC meetingsīackground and context on monetary policy alternatives Information on current economic conditions by District List of items to be covered at each FOMC meeting Summary of issues addressed at each FOMC meeting
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