自聯邦公開市場委員會在11月會見的信息表明經濟溫和擴張，儘管一些在全球經濟增長明顯放緩，。雖然指標顯示整體勞動市場情況有所改善，失業率持續上升。家庭支出繼續推進，但企業固定資產投資增加迅速，住房部門仍然低迷。因為在今年早些時候的通貨膨脹率已經放緩，長期通脹預期保持穩定。
其法定任務，委員會旨在促進最大就業和價格穩定。委員會繼續預計在未來幾個季度的經濟增長穩健的步伐，因此預計失業率將朝水平下降，才逐漸委員會法官要符合其雙重任務。在全球金融市場的菌株繼續對經濟前景顯著的下行風險。該委員會還預計，在未來幾個季度通脹將解決，或低於一致的水平與委員會的雙重任務。然而，委員會將繼續密切關注通脹和通脹預期的演變。
為了支持一個更強大的經濟復甦，並幫助確保通脹的雙重任務相一致的水平，隨著時間的推移，是，委員會今天決定繼續其計劃，以延長其持有的在9月份宣布證券的平均到期日。該委員會是保持現行政策的再投資，其持有的機構債和機構抵押貸款支持證券機構抵押貸款支持證券的本金付款超過到期的國庫券拍賣滾動。委員會將定期檢討其持有證券的規模和組成，並準備適當地調整這些控股。
委員會還決定繼續將聯邦基金利率在0至1 / 4％的目標範圍，目前預計，經濟條件 - 包括資源利用率和中期來看，通脹的放緩前景低利率 - 可能保證至少到2013年年中聯邦基金利率非常低的水平。
委員會將繼續收到的信息，以評估經濟前景，並準備聘請的工具，以促進價格穩定的情況下更強的經濟復甦。
FOMC貨幣政策行動的成員有：主席柏南奇，副主席威廉C ·達德利，伊麗莎白答公爵理查德W ·費舍爾的Narayana Kocherlakota查理一世普洛瑟;薩拉布魯姆拉斯金;丹尼爾 K. Tarullo和Janet L.耶倫。投票反對行動查爾斯 L.埃文斯，誰在這個時候支持額外的寬鬆的貨幣政策。
Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but business fixed investment appears to be increasing less rapidly and the housing sector remains depressed. Inflation has moderated since earlier in the year, and longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee’s dual mandate. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations.
To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.
The Committee also decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.
The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools to promote a stronger economic recovery in a context of price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Richard W. Fisher; Narayana Kocherlakota; Charles I. Plosser; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Charles L. Evans, who supported additional policy accommodation at this time.
http://www.federalreserve.gov/newsevents/press/monetary/20111213a.htm
沒有留言:
發佈留言