ピーター・バフェットの株式日記

ＦＯＭＣ：必要なら追加緩和、保有証券拡大は見送り(Update2)

９月21日：米連邦準備制度理事会（ＦＲＢ）は21日の連邦公開市場委員会（ＦＯＭＣ）終了後に声明
を発表、経済の先行きや金融情勢の展開を注視し、「必要に応じて、追加金融緩和を実施する用意がある」との見解を示した。ただ、保有証券の拡大は見送った。

政策金利であるフェデラルファンド（ＦＦ）金利の誘導目標については、「長期にわたり」ゼロから0.25％のレンジにとどめる方針をあらためて示した。

　　ＦＯＭＣ声明は「委員会は今後も経済見通しと金融の動向を見守り、景気回復を支援し時間をかけてインフレを責務と一致する水準に戻すため、必要に応じて緩和措置を追加する意向だ」と言及した。



Press Release(FOMC声明：　公式リリース)

http://www.federalreserve.gov/newsevents/press/monetary/20100921a.htm



Release Date: September 21, 2010

For immediate release

Information received since the Federal Open Market Committee met in August indicates that the pace of recovery in output and employment has slowed in recent months.


(家計)
Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.

(設備投資)
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.


(雇用と住宅)
Employers remain reluctant to add to payrolls. Housing starts are at a depressed level. Bank lending has continued to contract, but at a reduced rate in recent months.


(回復のスピード)
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 modest in the near term.


（低いインフレ率に懸念）
Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability.



With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to remain subdued for some time before rising to levels the Committee considers consistent with its mandate.


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.


委員会の今後の政策
The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings.


委員会の今後の政策
The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.



投票参加者：

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Sandra Pianalto; Eric S. Rosengren; Daniel K. Tarullo; and Kevin M. Warsh.