In 2012, the FOMC issued a statement clarifying our longer-run goals and strategy, including an explicit 2 percent target for inflation. And the economic projections now include information about the policy path assumptions of participants. Finally, after five years, verbatim transcripts are available for every FOMC meeting.
Priorities for 2013 The Federal Reserve’s supervisory and regulatory program in 2013 will concentrate on four tasks: (1) continuing key Dodd-Frank Act and Basel III regulatory implementation work; (2) further developing systematic supervision of large banking firms; (3) improving the resolvability of large banking firms; and (4) reducing systemic risk in the shadow banking system.