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Economic Commentary

Maintaining a Low Inflation Environment

Immediately after its March 25 meeting, the Federal Open Market Committee (FOMC) announced that it had “decided to tighten money market conditions slightly, expecting the fed funds rate to rise ¼ percentage point to around 5½ percent.” This was the Committee’s first action in almost 14 months and the first increase since January 1995.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Carlson, John B. 1997. “Maintaining a Low Inflation Environment.” Federal Reserve Bank of Cleveland, Economic Commentary 3/1/1997.