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Authorized for Public Release Class III FOMC – Internal (FR) AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, December 18, 2018, at 1:00 p.m. and continuing on Wednesday, December 19, 2018, at 9:00 a.m. 1. Special Topic: Long-Run Monetary Policy Implementation Frameworks. A. Staff report. (See background memos distributed December 7, 2018.) B. Opportunity for Committee participants to comment. 2. Financial developments and open market operations. A. Staff report on market developments and operations. B. Action to ratify the open market transactions for the System account since the November meeting. 3. Economic and financial situation. A. Chart Show. B. Committee discussion of economic developments and outlook. 4. Current monetary policy. A. Staff comments. B. Committee discussion. C. Action to adopt directive and statement. 5. Confirmation of the date for the next meeting (Tuesday–Wednesday, January 29–30, 2019). -1-
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