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    The Federal Reserve kept interest rates unchanged, noting that economic activity is expanding moderately while inflation remains below target. While recent global developments may slow growth, the Fed expects the economy and job market to continue strengthening. The Fed will raise rates when it sees further job growth and is confident inflation will rise to 2%. It will take a balanced approach to policy normalization and anticipates keeping rates below normal levels for some time.

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    Fomc Sept 2015

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    28. Fomc Septiembre 2015

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    The Federal Reserve kept interest rates unchanged, noting that economic activity is expanding moderately while inflation remains below target. While recent global developments may slow growth, the Fed expects the economy and job market to continue strengthening. The Fed will raise rates when it sees further job growth and is confident inflation will rise to 2%. It will take a balanced approach to policy normalization and anticipates keeping rates below normal levels for some time.

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    6 views2 pages

    Fomc Septiembre 2015

    Uploaded by

    coco
    The Federal Reserve kept interest rates unchanged, noting that economic activity is expanding moderately while inflation remains below target. While recent global developments may slow growth, the Fed expects the economy and job market to continue strengthening. The Fed will raise rates when it sees further job growth and is confident inflation will rise to 2%. It will take a balanced approach to policy normalization and anticipates keeping rates below normal levels for some time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    1/3/2016 PrinterVersionBoardofGovernorsoftheFederalReserveSystem

    PressRelease

    ReleaseDate:September17,2015

    Forimmediaterelease

    InformationreceivedsincetheFederalOpenMarketCommitteemetinJulysuggeststhateconomic
    activityisexpandingatamoderatepace.Householdspendingandbusinessfixedinvestmenthave
    beenincreasingmoderately,andthehousingsectorhasimprovedfurtherhowever,netexportshave
    beensoft.Thelabormarketcontinuedtoimprove,withsolidjobgainsanddeclining
    unemployment.Onbalance,labormarketindicatorsshowthatunderutilizationoflaborresources
    hasdiminishedsinceearlythisyear.InflationhascontinuedtorunbelowtheCommittee'slonger
    runobjective,partlyreflectingdeclinesinenergypricesandinpricesofnonenergyimports.
    Marketbasedmeasuresofinflationcompensationmovedlowersurveybasedmeasuresoflonger
    terminflationexpectationshaveremainedstable.

    Consistentwithitsstatutorymandate,theCommitteeseekstofostermaximumemploymentand
    pricestability.Recentglobaleconomicandfinancialdevelopmentsmayrestraineconomicactivity
    somewhatandarelikelytoputfurtherdownwardpressureoninflationinthenearterm.
    Nonetheless,theCommitteeexpectsthat,withappropriatepolicyaccommodation,economic
    activitywillexpandatamoderatepace,withlabormarketindicatorscontinuingtomovetoward
    levelstheCommitteejudgesconsistentwithitsdualmandate.TheCommitteecontinuestoseethe
    riskstotheoutlookforeconomicactivityandthelabormarketasnearlybalancedbutismonitoring
    developmentsabroad.Inflationisanticipatedtoremainnearitsrecentlowlevelintheneartermbut
    theCommitteeexpectsinflationtorisegraduallytoward2percentoverthemediumtermasthe
    labormarketimprovesfurtherandthetransitoryeffectsofdeclinesinenergyandimportprices
    dissipate.TheCommitteecontinuestomonitorinflationdevelopmentsclosely.

    Tosupportcontinuedprogresstowardmaximumemploymentandpricestability,theCommittee
    todayreaffirmeditsviewthatthecurrent0to1/4percenttargetrangeforthefederalfundsrate
    remainsappropriate.Indetermininghowlongtomaintainthistargetrange,theCommitteewill
    assessprogressbothrealizedandexpectedtowarditsobjectivesofmaximumemploymentand2
    percentinflation.Thisassessmentwilltakeintoaccountawiderangeofinformation,including
    measuresoflabormarketconditions,indicatorsofinflationpressuresandinflationexpectations,and
    readingsonfinancialandinternationaldevelopments.TheCommitteeanticipatesthatitwillbe
    appropriatetoraisethetargetrangeforthefederalfundsratewhenithasseensomefurther
    improvementinthelabormarketandisreasonablyconfidentthatinflationwillmovebacktoits2
    percentobjectiveoverthemediumterm.

    TheCommitteeismaintainingitsexistingpolicyofreinvestingprincipalpaymentsfromitsholdings
    ofagencydebtandagencymortgagebackedsecuritiesinagencymortgagebackedsecuritiesandof
    rollingovermaturingTreasurysecuritiesatauction.Thispolicy,bykeepingtheCommittee's
    holdingsoflongertermsecuritiesatsizablelevels,shouldhelpmaintainaccommodativefinancial
    conditions.
    1/2
    1/3/2016 PrinterVersionBoardofGovernorsoftheFederalReserveSystem

    WhentheCommitteedecidestobegintoremovepolicyaccommodation,itwilltakeabalanced
    approachconsistentwithitslongerrungoalsofmaximumemploymentandinflationof2percent.
    TheCommitteecurrentlyanticipatesthat,evenafteremploymentandinflationarenearmandate
    consistentlevels,economicconditionsmay,forsometime,warrantkeepingthetargetfederalfunds
    ratebelowlevelstheCommitteeviewsasnormalinthelongerrun.

    VotingfortheFOMCmonetarypolicyactionwere:JanetL.Yellen,ChairWilliamC.Dudley,Vice
    ChairmanLaelBrainardCharlesL.EvansStanleyFischerDennisP.LockhartJeromeH.
    PowellDanielK.TarulloandJohnC.Williams.VotingagainsttheactionwasJeffreyM.Lacker,
    whopreferredtoraisethetargetrangeforthefederalfundsrateby25basispointsatthismeeting.

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