The FOMC statement is the device that the  5  Of course, “patience” as used in the January FOMC statement (see https://www.federalreserve.gov/newsevents/pressreleases/monetary20190130a.htm) might be seen as forward guidance. This type of guidance was used at times before the crisis and may play a role in the future.
In September 2014, the San Francisco Fed co-hosted a symposium that explored innovative models for supporting equitable development, including the development of affordable housing, around public transit investment. The event brought together community development financial institutions, local transit authorities, banks, policymakers, and other stakeholders and included participants from Salt Lake City.