16 Aralık 2008 tarihli FOMC bildirisi
Federal Açık Piyasa Komitesi'nin bu bildirisi, kendinden önceki planlı bildiriyle cümle cümle karşılaştırılıyor: metinde ne değişti ve Komite nasıl oy verdi.
Kısaca
Federal Açık Piyasa Komitesi bu bildiriyi 16 Aralık 2008 tarihinde yayımladı. 29 Ekim 2008 tarihli önceki planlı bildiriye göre: 4 cümle değişti, 12 cümle eklendi, 6 cümle çıkarıldı ve 0 cümle aynı kaldı. Kelime olarak: 270 eklendi, 155 çıkarıldı. Bu bildirinin oylaması: Oybirliği. 29 Ekim 2008 bildirisinin oylaması: Oybirliği.
FOMC bildirisi · 16 Aralık 2008
Önceki planlı bildiriye (29 Ekim 2008) göre değişen cümleler
0 aynı · 4 değişti · 12 eklendi · 6 çıkarıldı · kelime +270 / −155
- 29 Ekim 2008
- Oybirliği.
- 16 Aralık 2008
- Oybirliği.
The Federal Open Market Committee decided today to lower its establish a target range for the federal funds rate 50 basis points of 0 to 1 1/4 percent.
The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures.
Business equipment spending and industrial production have weakened in recent months, and slowing economic activity in many foreign economies is damping the prospects for U.S. exports.
Moreover, the intensification of financial market turmoil is likely to exert additional restraint on spending, partly by further reducing the ability of households and businesses to obtain credit.
Since the Committee's last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined.
Financial markets remain quite strained and credit conditions tight.
Overall, the outlook for economic activity has weakened further.
Meanwhile, inflationary pressures have diminished appreciably.
In light of the declines in the prices of energy and other commodities and the weaker prospects for economic activity, the Committee expects inflation to moderate further in coming quarters to levels consistent with price stability.
Recent policy actions, including today's rate reduction, coordinated interest rate cuts by central banks, extraordinary liquidity measures, and official steps to strengthen financial systems, should help over time to improve credit conditions and promote a return to moderate economic growth.
Nevertheless, downside risks to growth remain.
The Committee will monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.
The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability.
In particular, the Committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.
The focus of the Committee's policy going forward will be to support the functioning of financial markets and stimulate the economy through open market operations and other measures that sustain the size of the Federal Reserve's balance sheet at a high level.
As previously announced, over the next few quarters the Federal Reserve will purchase large quantities of agency debt and mortgage-backed securities to provide support to the mortgage and housing markets, and it stands ready to expand its purchases of agency debt and mortgage-backed securities as conditions warrant.
The Committee is also evaluating the potential benefits of purchasing longer-term Treasury securities.
Early next year, the Federal Reserve will also implement the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses.
The Federal Reserve will continue to consider ways of using its balance sheet to further support credit markets and economic activity.
In a related action, the Board of Governors unanimously approved a 50-basis-point 75-basis-point decrease in the discount rate to 1-1/4 1/2 percent.
In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Cleveland, Richmond, Atlanta, Minneapolis, and San Francisco.
The Board also established interest rates on required and excess reserve balances of 1/4 percent.
Kaynak: Board of Governors of the Federal Reserve System — bildirinin kendisi (federalreserve.gov) · 29 Ekim 2008
Bu sayfa nasıl okunur
Sayfa Federal Açık Piyasa Komitesi'nin bu bildirisini kendinden önceki planlı bildiriyle cümle cümle yan yana koyar. Fed'in cümleleri yayımlandığı gibi, İngilizce gösterilir.
Değişen bir cümlede çıkan kelimeler üstü çizili, yeni kelimeler altı çizili görünür. Yalnız yeni bildiride olan cümle eklendi, yalnız eskisinde olan çıkarıldı diye işaretlenir. Değişmeyen cümleler kapalı durur.
Sayılar her gruba kaç cümle düştüğünü ve kaç kelime eklenip çıkarıldığını söyler. Değişiklikleri sayar, tartmaz.
Oylama satırları, bildirinin kendi yazdığı gibi, Komite'nin her bildiriye nasıl oy verdiğini ve kimin karşı oy verdiğini gösterir.
Karşılaştırmayı bir model değil sabit bir kural yapar; metinden bir anlam çıkarmaz.
Fed metni özgün İngilizcesiyle gösterilir, çevrilmez. Bu sayfa yalnız metinde neyin değiştiğini gösterir; yön, ton ya da risk okuması değildir ve MVIE skoruna girmez. MVIE Pro bağımsız bir araştırma projesidir; Federal Reserve ile bir bağı yoktur.