Comunicado del FOMC del 26 de enero de 2011
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 26 de enero de 2011. Frente al comunicado programado anterior, del 14 de diciembre de 2010: 5 frases cambiaron, 0 se añadieron, 3 se eliminaron y 9 se mantuvieron iguales. En palabras: 41 añadidas, 100 eliminadas. La votación de este comunicado: Unánime. La del comunicado del 14 de diciembre de 2010: 1 miembro votó en contra: Thomas M. Hoenig.
Comunicado del FOMC · 26 de enero de 2011
Frases cambiadas frente al comunicado programado anterior (14 de diciembre de 2010)
9 sin cambios · 5 cambiadas · 0 añadidas · 3 eliminadas · palabras +41 / −100
- 14 de diciembre de 2010
- 1 miembro votó en contra: Thomas M. Hoenig.
- 26 de enero de 2011
- Unánime.
Information received since the Federal Open Market Committee met in November December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment about a significant improvement in labor market conditions.
Growth in household spending is increasing at a moderate pace 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, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be is still weak.
Although commodity prices have risen, longer-term inflation expectations have remained stable, but and measures of underlying inflation have continued to trend been trending downward.
The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings.
In addition 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, a pace of about $75 billion per month.
Voting against the policy was Thomas M. Hoenig.
In light of the improving economy, Mr. Hoenig was concerned that a continued high level of monetary accommodation 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.
Mostrar las 9 frases sin cambios
Employers remain reluctant to add to payrolls.
The housing sector continues to be depressed.
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.
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.
Fuente: Board of Governors of the Federal Reserve System — el comunicado en federalreserve.gov · 14 de diciembre 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.