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发帖数: 313 | 1 Press Release: http://www.federalreserve.gov/newsevents/press/monetary/20110126a.htm
Release Date: January 26, 2011
For immediate release
Information received since the Federal Open Market Committee met in December
confirms that the economic recovery is continuing, though at a rate that
has been insufficient to bring about a significant improvement in labor
market conditions. Growth in household spending picked up late last year,
but remains constrained by high unemployment, modest income growth, lower
housing wealth, and tight credit. Business spending on equipment and
software is rising, while investment in nonresidential structures is still
weak. Employers remain reluctant to add to payrolls. The housing sector
continues to be depressed. Although commodity prices have risen, longer-term
inflation expectations have remained stable, and measures of underlying
inflation have been trending downward.
Consistent with its statutory mandate, the Committee seeks to foster maximum
employment and price stability. Currently, the unemployment rate is
elevated, and measures of underlying inflation are somewhat low, relative to
levels that the Committee judges to be consistent, over the longer run,
with its dual mandate. Although the Committee anticipates a gradual return
to higher levels of resource utilization in a context of price stability,
progress toward its objectives has been disappointingly slow.
To promote a stronger pace of economic recovery and to help ensure that
inflation, over time, is at levels consistent with its mandate, the
Committee decided today to continue expanding its holdings of securities as
announced in November. In particular, the Committee is maintaining its
existing policy of reinvesting principal payments from its securities
holdings and intends to purchase $600 billion of longer-term Treasury
securities by the end of the second quarter of 2011. The Committee will
regularly review the pace of its securities purchases and the overall size
of the asset-purchase program in light of incoming information and will
adjust the program as needed to best foster maximum employment and price
stability.
The Committee will maintain the target range for the federal funds rate at 0
to 1/4 percent and continues to anticipate that economic conditions,
including low rates of resource utilization, subdued inflation trends, and
stable inflation expectations, are likely to warrant exceptionally low
levels for the federal funds rate for an extended period.
The Committee will continue to monitor the economic outlook and financial
developments and will employ its policy tools as necessary to support the
economic recovery and to help ensure that inflation, over time, is at levels
consistent with its mandate.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman;
William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans;
Richard W. Fisher; Narayana Kocherlakota; Charles I. Plosser; Sarah Bloom
Raskin; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen. | u********e
发帖数: 4950 | 2 Not too much reaction in the market | w********1
发帖数: 3492 | 3 翻译一下？
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: Press Release: http://www.federalreserve.gov/newsevents/press/monetary/20110126a.htm
: Release Date: January 26, 2011
: For immediate release
: Information received since the Federal Open Market Committee met in December
: confirms that the economic recovery is continuing, though at a rate that
: has been insufficient to bring about a significant improvement in labor
: market conditions. Growth in household spending picked up late last year,
: but remains constrained by high unemployment, modest income growth, lower
: housing wealth, and tight credit. Business spending on equipment and
: software is rising, while investment in nonresidential structures is still
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