Comunicado del FOMC del 14 de diciembre 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 14 de diciembre de 2010. Frente al comunicado programado anterior, del 3 de noviembre de 2010: 7 frases cambiaron, 0 se añadieron, 2 se eliminaron y 10 se mantuvieron iguales. En palabras: 43 añadidas, 44 eliminadas. La votación de este comunicado: 1 miembro votó en contra: Thomas M. Hoenig. La del comunicado del 3 de noviembre de 2010: 1 miembro votó en contra: Thomas M. Hoenig.
Comunicado del FOMC · 14 de diciembre de 2010
Frases cambiadas frente al comunicado programado anterior (3 de noviembre de 2010)
10 sin cambios · 7 cambiadas · 0 añadidas · 2 eliminadas · palabras +43 / −44
- 3 de noviembre de 2010
- 1 miembro votó en contra: Thomas M. Hoenig.
- 14 de diciembre de 2010
- 1 miembro votó en contra: Thomas M. Hoenig.
Information received since the Federal Open Market Committee met in September November confirms that the pace of economic recovery in output and employment continues is continuing, though at a rate that has been insufficient to be slow bring down unemployment.
Household spending is increasing gradually at a moderate pace, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
The housing starts continue sector continues to be depressed.
Longer-term inflation expectations have remained stable, but measures of underlying inflation have trended lower in recent quarters continued to trend downward.
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 expand continue expanding its holdings of securities as announced in November.
In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month.
Mr. Hoenig believed the risks of additional securities purchases outweighed the benefits.
In light of the improving economy, Mr. Hoenig also was concerned that this a continued high level of monetary accommodation increased would increase the risks of future economic and financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy.
Statement from Federal Reserve Bank of New York
Mostrar las 10 frases sin cambios
Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak.
Employers remain reluctant to add to payrolls.
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.
The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings.
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 against the policy was Thomas M. Hoenig.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 3 de noviembre 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.