Comunicado del FOMC del 10 de agosto de 2010
Este comunicado del Federal Open Market Committee, comparado frase por frase con el comunicado programado anterior: qué cambió en el texto y cómo votó el Comité.
En pocas palabras
El Federal Open Market Committee publicó este comunicado el 10 de agosto de 2010. Frente al comunicado programado anterior, del 23 de junio de 2010: 6 frases cambiaron, 5 se añadieron, 3 se eliminaron y 3 se mantuvieron iguales. En palabras: 186 añadidas, 96 eliminadas. La votación de este comunicado: 1 miembro votó en contra: Thomas M. Hoenig. La del comunicado del 23 de junio de 2010: 1 miembro votó en contra: Thomas M. Hoenig.
Comunicado del FOMC · 10 de agosto de 2010
Frases cambiadas frente al comunicado programado anterior (23 de junio de 2010)
3 sin cambios · 6 cambiadas · 5 añadidas · 3 eliminadas · palabras +186 / −96
- 23 de junio de 2010
- 1 miembro votó en contra: Thomas M. Hoenig.
- 10 de agosto de 2010
- 1 miembro votó en contra: Thomas M. Hoenig.
Information received since the Federal Open Market Committee met in April suggests June indicates that the economic pace of recovery is proceeding in output and that the labor market is improving gradually employment has slowed in recent months.
Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
Business spending on equipment and software has risen significantly is rising; however, investment in nonresidential structures continues to be weak and employers remain reluctant to add to payrolls.
Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad.
Bank lending has continued to contract in recent months.
Nonetheless, the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, although the pace of economic recovery is likely to be moderate for a time more modest in the near term than had been anticipated.
Prices of energy and other commodities have declined somewhat in recent months, and underlying inflation has trended lower.
Measures of underlying inflation have trended lower in recent quarters and, with substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time.
To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve's holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities.
1 The Committee will continue to roll over the Federal Reserve's holdings of Treasury securities as they mature.
Voting against the policy was Thomas M. Hoenig, who judges that the economy is recovering modestly, as projected.
Voting against the policy action was Thomas M. Hoenig Accordingly, who he believed that continuing to express the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted because it could lead to a build-up of future imbalances and increase risks to longer-run macroeconomic and financial stability, while limiting limits the Committee's flexibility ability to begin raising rates modestly adjust policy when needed.
In addition, given economic and financial conditions, Mr. Hoenig did not believe that keeping constant the size of the Federal Reserve's holdings of longer-term securities at their current level was required to support a return to the Committee's policy objectives.
The Open Market Desk will issue a technical note shortly after the statement providing operational details on how it will carry out these transactions.
Mostrar las 3 frases sin cambios
Housing starts remain at a depressed level.
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.
The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to promote economic recovery and price stability.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 23 de junio de 2010
Cómo leer esta página
La página pone este comunicado del Federal Open Market Committee junto al programado anterior, frase por frase. Las frases de la Fed se muestran tal como se publicaron, en inglés.
En una frase cambiada, las palabras que salieron aparecen tachadas y las nuevas, subrayadas. Una frase que solo está en el comunicado posterior se marca como añadida; una que solo está en el anterior, como eliminada. Las frases sin cambios aparecen plegadas.
Las cifras dicen cuántas frases caen en cada uno de esos grupos y cuántas palabras se añadieron y se eliminaron. Cuentan cambios; no los ponderan.
Las líneas de votación muestran cómo votó el Comité cada comunicado y quién votó en contra, tal como lo indica el propio comunicado.
La comparación sigue una regla fija, no un modelo, y no interpreta el texto.
El texto de la Fed se muestra en su inglés original y no se traduce. Esta página solo muestra qué cambió en el texto; no es una lectura de dirección, tono ni riesgo, y no forma parte de la puntuación MVIE. MVIE Pro es investigación independiente y no está vinculado a la Reserva Federal.