FOMC-Erklärung vom 27. Januar 2010
Diese Erklärung des Federal Open Market Committee, Satz für Satz mit der planmäßigen Erklärung davor verglichen: was sich im Text geändert hat und wie der Ausschuss abgestimmt hat.
Kurz gesagt
Das Federal Open Market Committee hat diese Erklärung am 27. Januar 2010 veröffentlicht. Im Vergleich mit der vorherigen planmäßigen Erklärung vom 16. Dezember 2009: 9 Sätze wurden geändert, 5 kamen hinzu, 5 wurden entfernt und 3 blieben gleich. In Wörtern: 179 hinzugefügt, 195 entfernt. Abstimmung über diese Erklärung: 1 Mitglied stimmte dagegen: Thomas M. Hoenig. Über die Erklärung vom 16. Dezember 2009: Einstimmig.
FOMC-Erklärung · 27. Januar 2010
Geänderte Sätze gegenüber der vorherigen planmäßigen Erklärung (16. Dezember 2009)
3 unverändert · 9 geändert · 5 neu · 5 entfernt · Wörter +179 / −195
- 16. Dezember 2009
- Einstimmig.
- 27. Januar 2010
- 1 Mitglied stimmte dagegen: Thomas M. Hoenig.
Information received since the Federal Open Market Committee met in November December suggests that economic activity has continued to pick up strengthen and that the deterioration in the labor market is abating.
The housing sector has shown some signs of improvement over recent months.
Household spending appears to be is expanding at a moderate rate , though it but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit.
Businesses are still cutting back on fixed investment, though at a slower pace, and remain reluctant to add to payrolls; they continue to make progress in bringing inventory stocks into better alignment with sales.
Business spending on equipment and software appears to be picking up, but investment in structures is still contracting and employers remain reluctant to add to payrolls.
Firms have brought inventory stocks into better alignment with sales.
While bank lending continues to contract, financial market conditions have become more remain supportive of economic growth.
Although the pace of economic activity recovery is likely to remain weak be moderate for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability.
With substantial resource slack likely continuing to continue to dampen restrain cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain is likely to be subdued for some time.
In order to promote a smooth transition in markets, the Committee is gradually slowing the pace of these purchases, and it anticipates that these transactions will be executed by the end of the first quarter of 2010.
The Committee will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets.
In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve's special liquidity facilities will expire on February 1, 2010, consistent with the Federal Reserve's announcement of June 25, 2009.
These facilities include In light of improved functioning of financial markets, the Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced.
The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1.
The Federal Reserve expects that amounts provided under the Term Auction Facility will continue to be scaled back in early 2010.
In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1.
The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit will be offered at the final auction on March 8.
The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 , 2010, for loans backed by new-issue commercial mortgage-backed securities and March 31 , 2010, for loans backed by all other types of collateral.
Voting against the policy action was Thomas M. Hoenig, who believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.
Die 3 unveränderten Sätze zeigen
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 of the federal funds rate for an extended period.
To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve is in the process of purchasing $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt.
The Federal Reserve is prepared to modify these plans if necessary to support financial stability and economic growth.
Quelle: Board of Governors of the Federal Reserve System — die Erklärung auf federalreserve.gov · 16. Dezember 2009
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Die Seite stellt diese Erklärung des Federal Open Market Committee Satz für Satz neben die planmäßige Erklärung davor. Die Sätze der Fed erscheinen wie veröffentlicht, auf Englisch.
In einem geänderten Satz sind gestrichene Wörter durchgestrichen und neue Wörter unterstrichen. Ein Satz, der nur in der neueren Erklärung steht, ist als neu markiert; einer, der nur in der älteren steht, als entfernt. Unveränderte Sätze sind eingeklappt.
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