FOMC-Erklärung vom 20. März 2013
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 20. März 2013 veröffentlicht. Im Vergleich mit der vorherigen planmäßigen Erklärung vom 30. Januar 2013: 5 Sätze wurden geändert, 2 kamen hinzu, 2 wurden entfernt und 13 blieben gleich. In Wörtern: 74 hinzugefügt, 76 entfernt. Abstimmung über diese Erklärung: 1 Mitglied stimmte dagegen: Esther L. George. Über die Erklärung vom 30. Januar 2013: 1 Mitglied stimmte dagegen: Esther L. George.
FOMC-Erklärung · 20. März 2013
Geänderte Sätze gegenüber der vorherigen planmäßigen Erklärung (30. Januar 2013)
13 unverändert · 5 geändert · 2 neu · 2 entfernt · Wörter +74 / −76
- 30. Januar 2013
- 1 Mitglied stimmte dagegen: Esther L. George.
- 20. März 2013
- 1 Mitglied stimmte dagegen: Esther L. George.
Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors.
Employment has continued to expand at a moderate pace but the unemployment rate remains elevated.
Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last year.
Labor market conditions have shown signs of improvement in recent months but the unemployment rate remains elevated.
Household spending and business fixed investment advanced, and the housing sector has shown strengthened further improvement, but fiscal policy has become somewhat more restrictive.
Although strains in global financial markets have eased somewhat, The Committee continues to see downside risks to the economic outlook.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee will decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month.
If the outlook for the labor market does not improve substantially, The Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until such improvement is achieved the outlook for the labor market has improved substantially in a context of price stability.
In determining the size, pace, and composition of its asset purchases, the Committee will , as always, continue to take appropriate account of the likely efficacy and costs of such purchases as well as the extent of progress toward its economic objectives.
Die 13 unveränderten Sätze zeigen
Inflation has been running somewhat below the Committee's longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices.
Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability.
The Committee expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate.
The Committee also anticipates that inflation over the medium term likely will run at or below its 2 percent objective.
The Committee is maintaining its existing policy 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.
Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens.
In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.
In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments.
When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.
Voting against the action was Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.
Quelle: Board of Governors of the Federal Reserve System — die Erklärung auf federalreserve.gov · 30. Januar 2013
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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.
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