🏦*FOMC LEAVES RATES UNCHANGED (Statement)

*POWELL: ON TRANSITORY MEANING, PROCESS OF INFLATION WILL STOP

*FED ESTABLISHES DOMESTIC AND FOREIGN STANDING REPO FACILITIES

*FED: ECONOMY HAS MADE PROGRESS TOWARDS GOALS LAID OUT TO TAPER

*FED: ECONOMY HAS MADE PROGRESS TOWARDS GOALS LAID OUT TO TAPER

*FED: WILL CONTINUE TO ASSESS PROGRESS IN COMING MEETINGS

https://www.federalreserve.gov/monetarypolicy/files/monetary20210728a1.pdf