Ref. http://tinyurl.com/289kauh Fed决议维持利率不变 声明全文 钜亨网编译郭照青 综合外电 2010-04-29 03:07:48 自联邦公开市场委员会（FOMC）3月会议以来所接获的讯息显示，经济活动持续走强，劳工 市场正开始改善。家庭支出成长近来加速，但仍受制於高失业率，温和的收入成长，房子 财富降低，及紧缩的信用。 企业的设备与软体支出大幅上升，然而，非住宅建物的投资下降，雇主仍不愿增加徵。新 屋开工上升，但仍偏低。虽然银行贷款持续紧缩，但金融市场情况仍有助支撑经济成长。 虽然经济复苏速度可能持续温和一段时间，但委员会预期，在物价稳定情况下，资源使用 将逐渐上升。 由於大量资源闲置，持续抑制成本压力，且长期通货膨胀预期稳定，通货膨胀可能守於低 档一段时间。 委员会将维持联邦基金利率目标於0至0.25%，并持续预期经济情况--包括低资源使用率， 偏低的通货膨胀趋势，及稳定的通货膨胀预期--可能确保联邦基金利率守於格外低档一段 更长期间。 委员会将持续观察经济展望，及金融发展，若有需要，将运用政策工具，促进经济成长及 物价稳定。 在金融市场运作改善的情况下，联邦准备理事会（Fed）已结束了在危机时期，为支撑市场 所创造的各种特殊流动性机制，仅留用一种。唯一仍使用的机制，即定期资产担保证券贷 款机制，将於6月30日结束以新发行商业抵押贷款担保证券担保的贷款，该机制已於3月31 日结束了以其他型态担保品担保的贷款。 -- 以下附上原文。 Ref. http://www.federalreserve.gov/newsevents/press/monetary/20100428a.htm Press Release Release Date: April 28, 2010 For immediate release Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve. Growth in household spending has picked up recently but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen significantly; however, investment in nonresidential structures is declining and employers remain reluctant to add to payrolls. Housing starts have edged up but remain at a depressed level. While bank lending continues to contract, financial market conditions remain supportive of economic growth. Although the pace of economic recovery is likely to be moderate for a time, the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability. With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time. 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 of 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 promote economic recovery and price stability. In light of improved functioning of financial markets, the Federal Reserve has closed all but one of the special liquidity facilities that it created to support markets during the crisis. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close on June 30 for loans backed by new-issue commercial mortgage-backed securities; it closed on March 31 for loans backed by all other types of collateral. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Donald L. Kohn; Sandra Pianalto; Eric S. Rosengren; Daniel K. Tarullo; and Kevin M. Warsh. Voting against the policy action was Thomas M. Hoenig, who believed that continuing to express the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted because it could lead to a build-up of future imbalances and increase risks to longer run macroeconomic and financial stability, while limiting the Committee’s flexibility to begin raising rates modestly. --

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