美联储公开市场操作委员会会议声明
发布时间:2004年8月10日 (即时发布)
美联储公开市场操作委员决定自本日起将利率上升25点至1.5%.
委员会认为,即使在此次加息之后,美联储货币政策将继续控紧,以便在生产效率稳健增长的带动下,为美国经济发展提供支撑。近几个月来,美国产出增长速度开始放缓,劳工市场状况也开始减速。经济的略微疲软主要是近期能源价格大幅上涨所导致的。即便如此,美国经济在未来的一段时间里还应该会继续强劲增长的趋势。通胀率本年度有些抬头,但价格上涨在一定程度上是一些暂时的原因所引起的。
委员会同时表示,在接下来的几个季度里,可持续增长和物价稳定这两个目标可否实现也是机会与风险并存。目前,通胀速度预期将会较低,所以委员会认为控紧政策可以被逐步取消。 但毫无疑问,如果经济情况需要,美联储将会及时作出反应,以维持物价稳定。
在会议上投票的有:主席 Alan Greenspan、副主席 Timothy F.Geithner等人。
美联储同时决定再贷款率将上升25点至2.5%。
英文原稿如下:
Release Date: August 10, 2004
For immediate release
The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 1-1/2 percent.
The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. In recent months, output growth has moderated and the pace of improvement in labor market conditions has slowed. This softness likely owes importantly to the substantial rise in energy prices. The economy nevertheless appears poised to resume a stronger pace of expansion going forward. Inflation has been somewhat elevated this year, though a portion of the rise in prices seems to reflect transitory factors.
The Committee perceives the upside and downside risks to the attainment of both sustainable growth and price stability for the next few quarters are roughly equal. With underlying inflation still expected to be relatively low, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.
Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; Timothy F. Geithner, Vice Chairman; Ben S. Bernanke; Susan S. Bies; Roger W. Ferguson, Jr.; Edward M. Gramlich; Thomas M. Hoenig; Donald L. Kohn; Cathy E. Minehan; Mark W. Olson; Sandra Pianalto; and William Poole.
In a related action, the Board of Governors unanimously approved a 25 basis point increase in the discount rate to 2-1/2 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, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
2004 Monetary policy
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