In 2017, while maintaining the base interest rate within the target range of 1.00% -1.25%, the Federal Open Market Committee (FOMC) of the US Federal Reserve reacted to its decision, along with the current situation in the country. The Fed noted the continued increase of the economic activity at a moderate pace this year. There is a further improvement in the labor market environment due to continued strong job growth in the recent months while maintaining low unemployment rate. The Fed stated that during the period of commission meetings, family expenses showed moderate expansion, and the growth of investment by business structures has increased significantly in the recent quarters. The Fed was considered the expectations for long-term inflation as stable. At the same time, the total inflation and basic inflation are calculated on a 12-month basis, this year and remain below 2%, without considering the energy and food prices. Compensatory has the same impact on inflation from the markets and continuously implemented in the near term.In accordance with its authority, the Fed seeks to promote maximum employment and price stability. While Hurricanes "Harvey", "Irma" and "Maria" caused a large-scale destruction in many regions, leading to a significant damage. Eliminating the consequences of economic hurricanes and restoring infrastructure will affect the economic activity in the near future, but the previous experiences indicate that the impact of hurricanes is unlikely to have a significant effect on the stability of the national economy in the medium term. Therefore, the Fed still expects that the gradual regulation of the monetary market will expand the economic activity at a moderate pace and would further strengthen the labor market. Higher prices for gasoline and some other goods after hurricanes are possible to increase the inflation for a short period, however, without considering this effect. However, it should stabilize near the designated 2% target level in the medium term term. Short-term risks for the economic outlook appeared to be fairly balanced, but the Fed will continue to closely monitor inflation. Considering the already achieved and expected parameters of the labor market, the Fed decided to keep the interest rate in the range of federal funds at 1.00% -1.25%. The basic principles of monetary policy will remain flexible enough, thereby providing support for further improvement to some extent of labor market conditions, and a steady return of inflation to the level of 2%.In determining the timing and scope of the future regulation, the Fed will be guided by both achieved and expected progress in moving towards the long-term goals of maximum employment and inflation at 2%. This approach will be based on a wide range of information, including parameters of labor market conditions, indicators of inflationary pressures, inflation expectations, financial and international events. The Fed will closely monitor the actual and expected inflationary process. The Fed expects that economic conditions will evolve by ensuring a smooth hike in the interest rate for federal funds. This will probably remain below the levels for some time and expect to prevail in the long term. However, the actual interest rate trajectory for federal funds will depend on economic trends in line with the incoming data.In October, the Fed will begin implementing a program for normalizing its balance sheet, which was set out in June 2017 in the accompanying document to the document of the main principles and plans of normalization. The current foundations of the monetary policy were adopted unanimously by 9 members of the Federal Open Market Committee of the US Federal Reserve. which will ensure a smooth increase in the interest rate for federal funds and it is likely to remain for some time.However, the actual interest rate. In October, the Fed will launch a program to normalize its balance sheet, which was set out in June 2017 in the accompanying annex to the document which outlines the basic principles and plans of the normalization strategy. The current fundamentals of monetary policy were adopted unanimously by 9 members of the Federal Open Market Committee of the US Federal Reserve.