# The Federal Reserve’s New Monetary Policy Strategy

> Fed official Loretta Mester outlined the FOMC's revised long-run goals and monetary policy strategy in remarks at a London conference. She noted the framework review began in early 2019 and drew on the Great Recession experience and public consultations.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/50554-the-federal-reserve-s-new-monetary-policy-strategy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A shift toward tolerating inflation above 2% for a period would keep policy rates low for longer, which tends to weaken the dollar and support commodity prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-30 | [Pound-Dollar Rate Aims for the Stars after Federal Reserve Swerves Onto Main Street](https://feedsoft.ai/events/53873-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main.md) | +0.7% | -1.4% |
| DXY | 2019-06-20 | [Federal Reserve's quick pivot to easier policy started with a Trump tweet on trade](https://feedsoft.ai/events/58510-federal-reserve-s-quick-pivot-to-easier-policy-started-with-a-trump-tweet-on.md) | -1.1% | -0.8% |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |
| DXY | 2020-09-01 | [Federal Reserve's inflation target fudge: what it means for Australians - ABC News](https://feedsoft.ai/events/51368-federal-reserve-s-inflation-target-fudge-what-it-means-for-australians-abc-news.md) | +0.6% | +1.5% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |

## Sources

- clevelandfed.org: https://www.clevelandfed.org/collections/speeches/2020/sp-20201021-federal-reserves-new-monetary-policy-strategy

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.