Monetary Policy Report to the Congress

The Monetary Policy Report to the Congress is a semi-annual report prepared by the Board of Governors of the Federal Reserve and presented to the Congress of the United States. The Chairman of the Board of Governors is called on to offer oral testimony about the report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services to the House of Representatives.

Monetary Policy Reports are mandated by the Humphrey-Hawkins Full Employment Act of 1978, which required the Federal Reserve to formally report on its activities to Congress. The Monetary Policy Reports were previously referred to as Humphrey-Hawkins reports.

The Monetary Policy Report is delivered twice a year, in February and July, and reports the basic state of the United States economy and its financial welfare. Each report contains two sections. The first section summarizes past policy decisions and their predicted economic impact. The second section focuses on recent financial and economic developments.

External links

• Past reports and testimony from the U.S. Federal Reserve
• Full-text of reports from 1979-current from the Federal Reserve Bank of St. Louis: House Hearings, and Senate Hearings

Federal Reserve System
Federal Open Market Committee Chair Governors Federal Reserve Bank
Banknotes	Federal Reserve Note Federal Reserve Bank Note
Reports	Beige Book Federal Reserve Statistical Release Monetary Policy Report to the Congress Fedspeak
Federal funds	Discount window Federal funds Federal funds rate History of Federal Open Market Committee actions Primary dealer
History	Aldrich–Vreeland Act Bloomberg v. Federal Reserve Board of Governors, FRS v. Investment Co. Institute Federal Reserve Act Depository Institutions Deregulation and Monetary Control Act History of central banking in the United States