The FOMC met on November 4-5 and released a statement that included: The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With Inflation running persistently below this longer run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well- anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The quoted statement represents an example of conventional monetary policy quantitative easing forward guidance overshooting