미연방준비제도 이사회가 25일(현지시간) 통화정책회의 연방공개시장위원회를 열고 제로금리 유지 약속 시한을 당초 2013년 중반에서 2014년말로 연장했다. 성명서에서 FOMC는 최소한 이라는 말도 사용, 경제상황에 따라 제로금리 유지시한이 2015년으로 연장될 수 있음을 시사했다.
경제와 관련 세계경제 둔화에도 불구하고 미국경제가 완만한 회복세를 보여주고 있다고 지적했다. 최근 고용사정 개선에도 불구하고 실업률은 여전히 높다고 지적, 추가부양가능성을 열어놨다.
위원회는 또 향후에도 경기회복세가 완만하고 실업률 하락속도도 늦을 것으로 내다봤다. 금융불안으로 인해 경제전망에 중대한 위험이 있다는 인식도 표현됐다.
이날 제프리 래커 리치먼드 연방준비은행 총재가 반대의사를 표시했다.
Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment has slowed, and the housing sector remains depressed. Inflation has been subdued in recent months, and longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects economic growth over coming quarters to be modest and consequently anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that over coming quarters, inflation will run at levels at or below those consistent with the Committee's dual mandate.
To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
The Committee also decided to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Sarah Bloom Raskin; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who preferred to omit the description of the time period over which economic conditions are likely to warrant exceptionally low levels of the federal funds rate.