金融界美股訊：美國(guó)聯(lián)邦公開市場(chǎng)委員會(huì)（FOMC）于美國(guó)東部時(shí)間周三下午2點(diǎn)（北京時(shí)間周四凌晨3點(diǎn)）公布了貨幣政策聲明，決定將聯(lián)邦基金利率從此前0%到0.25%的目標(biāo)區(qū)間上調(diào)至0.25%到0.5%的目標(biāo)區(qū)間。

　　聲明全文如下：

　　自聯(lián)邦公開市場(chǎng)委員會(huì)10月份召開會(huì)議以來(lái)所收到的信息表明，經(jīng)濟(jì)活動(dòng)一直都在適度擴(kuò)張。家庭支出和企業(yè)固定投資最近幾個(gè)月來(lái)一直都在以穩(wěn)固的速度增長(zhǎng)，住房部門進(jìn)一步改善；但是，凈出口則一直保持疲軟。最近公布的一系列就業(yè)市場(chǎng)指標(biāo)（其中包括非農(nóng)就業(yè)人數(shù)的增長(zhǎng)和(102.40 +2.30%)失業(yè)率的下降等）表明市場(chǎng)進(jìn)一步改善，并確認(rèn)自今年年初以來(lái)，勞工資源利用率不足的現(xiàn)象已經(jīng)有所減弱。通貨膨脹繼續(xù)低于聯(lián)邦公開市場(chǎng)委員會(huì)的長(zhǎng)期目標(biāo)，這部分反映了能源價(jià)格以及非能源進(jìn)口產(chǎn)品價(jià)格的下跌。以市場(chǎng)為基礎(chǔ)的通脹補(bǔ)償指標(biāo)仍處于較低水平，以調(diào)查報(bào)告為基礎(chǔ)的一些長(zhǎng)期通脹預(yù)期指標(biāo)則略微有所下降。

　　聯(lián)邦公開市場(chǎng)委員會(huì)正在依據(jù)其法定使命來(lái)尋求培育最大就業(yè)和物價(jià)穩(wěn)定。聯(lián)邦公開市場(chǎng)委員會(huì)目前預(yù)計(jì)，通過(guò)逐步調(diào)整貨幣政策立場(chǎng)的方式，經(jīng)濟(jì)活動(dòng)將以適度的步伐擴(kuò)張，就業(yè)市場(chǎng)指標(biāo)將繼續(xù)增強(qiáng)。整體而言，考慮到國(guó)內(nèi)國(guó)際形勢(shì)的發(fā)展，聯(lián)邦公開市場(chǎng)委員會(huì)認(rèn)為，經(jīng)濟(jì)活動(dòng)和就業(yè)市場(chǎng)前景所面臨的風(fēng)險(xiǎn)已經(jīng)達(dá)到平衡。隨著能源和進(jìn)口產(chǎn)品價(jià)格下跌的暫時(shí)性影響消散以及就業(yè)市場(chǎng)進(jìn)一步增強(qiáng)，預(yù)計(jì)通貨膨脹將在中期內(nèi)上升至2%。聯(lián)邦公開市場(chǎng)委員會(huì)將繼續(xù)密切關(guān)注通貨膨脹的形勢(shì)發(fā)展。

　　聯(lián)邦公開市場(chǎng)委員會(huì)判定，今年就業(yè)市場(chǎng)上已經(jīng)實(shí)現(xiàn)了相當(dāng)大的改善，有理由相信通貨膨脹將在中期內(nèi)上升至2%目標(biāo)。鑒于經(jīng)濟(jì)前景以及有關(guān)政策行動(dòng)需要時(shí)間才能影響未來(lái)經(jīng)濟(jì)成果的認(rèn)識(shí)，聯(lián)邦公開市場(chǎng)委員會(huì)決定將聯(lián)邦基金利率上調(diào)至0.25%到0.5%的目標(biāo)區(qū)間。在此次上調(diào)以后，貨幣政策立場(chǎng)仍將保持寬松，從而為就業(yè)市場(chǎng)狀況的進(jìn)一步改善和通貨膨脹重返2%提供支持。

　　為了判定聯(lián)邦基金利率目標(biāo)區(qū)間未來(lái)調(diào)整的時(shí)機(jī)選擇和規(guī)模，聯(lián)邦公開市場(chǎng)委員會(huì)將對(duì)有關(guān)其最大就業(yè)和2%通貨膨脹目標(biāo)的已實(shí)現(xiàn)和預(yù)期經(jīng)濟(jì)狀況進(jìn)行評(píng)估。這種評(píng)估將把一系列廣泛的信息考慮在內(nèi)，包括有關(guān)就業(yè)市場(chǎng)狀況的指標(biāo)、通脹壓力和通脹預(yù)期指標(biāo)、以及有關(guān)金融和國(guó)際發(fā)展的讀數(shù)等。鑒于目前通貨膨脹尚未達(dá)到2%的形勢(shì)，聯(lián)邦公開市場(chǎng)委員會(huì)將仔細(xì)監(jiān)控朝向通貨膨脹目標(biāo)的實(shí)際和預(yù)期將有的進(jìn)展。聯(lián)邦公開市場(chǎng)委員會(huì)預(yù)計(jì)，經(jīng)濟(jì)狀況的發(fā)展僅可令其有理由逐步上調(diào)聯(lián)邦基金利率；在一段時(shí)間之內(nèi)，聯(lián)邦基金利率很可能仍將保持在低于長(zhǎng)期普遍值的水平。但是，聯(lián)邦基金利率的實(shí)際道路將依賴于未來(lái)數(shù)據(jù)所表明的經(jīng)濟(jì)前景。

　　聯(lián)邦公開市場(chǎng)委員會(huì)將維持現(xiàn)有的政策，將來(lái)自于所持機(jī)構(gòu)債和機(jī)構(gòu)抵押貸款支持債券的本金付款再投資到機(jī)構(gòu)抵押貸款支持債券中去，在國(guó)債發(fā)售交易中對(duì)即將到期的美國(guó)國(guó)債進(jìn)行展期，并預(yù)計(jì)直到聯(lián)邦基金利率水平的正?；M(jìn)程順利展開以前都將繼續(xù)這樣做。這項(xiàng)政策令聯(lián)邦公開市場(chǎng)委員會(huì)的長(zhǎng)期債券持有量保持在可觀的水平，應(yīng)可有助于保持融通的金融狀況。

　　在此次會(huì)議上投票支持聯(lián)邦公開市場(chǎng)委員會(huì)貨幣政策行動(dòng)的委員有：主席珍妮特耶倫（Janet L. Yellen）、副主席威廉杜德利（William C. Dudley）、萊爾布萊恩納德（Lael Brainard）、查爾斯埃文斯（Charles L. EVans）、斯坦利費(fèi)希爾（Stanley Fischer）、杰弗里拉克爾（Jeffrey M. Lacker）、丹尼斯洛克哈特（Dennis P Lockhart）、杰羅姆鮑威爾（Jerome H. Powell）、丹尼爾塔魯洛（Daniel K. Tarullo）和約翰威廉姆斯（John C. Williams）。

　　附美聯(lián)儲(chǔ)利率聲明英文原文：

　　InforMATion received since the Federal Open Market Committee met in October sugGEsts that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months， and the housing sector has improved further； however， net exports have been soft. A range of recent labor market indiCATors， including ongoing job gains and declining unemployment， shows further improvement and confirms that underutilization of labor resources has diminished appreciably since early this year. Inflation has continued to run below the Committee’s 2% longer-run objective， partly reflecting declines in energy prices and in prices of non-energy imports. Market-BAsed measures of inflation compensation remain low； some survey-based measures of longer-term inflation EXPEctations have edged down.

　　Consistent with its statutory mandate， the Committee seeks to foster maxiMUm employment and price stability. The Committee currently expects that， with gradual adjustments in the stance of monetary policy， economic activity will continue to expand at a moderate pace and labor market indicators will continue to strengthen. Overall， taking into account domestic and international developments， the Committee sees the risks to the outlook for both economic activity and the labor market as balanced. Inflation is expected to rise to 2% over the medium term as the transitory effects of declines in energy and import prices DISsipate and the labor market strengthens further. The Committee continues to monitor inflation developments closely.

　　The Committee judges that there has been considerable improvement in labor market conditions this year， and it is reasonably confident that inflation will rise， over the medium term， to its 2% objective. Given the economic outlook， and recognizing the time it takes for policy actions to affect future economic outcomes， the Committee decided to raise the target range for the federal funds rate to ？% to ？%. The stance of monetary policy remains accommodative after this increase， thereby supporting further improvement in labor market conditions and a return to 2% inflation.

　　In determining the timing and size of future adjustments to the target range for the federal funds rate， the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2% inflation. This assessment will take into account a wide range of information， including measures of labor market conditions， indicators of inflation pressures and inflation expectations， and reADInGS on financial and international developments. In light of the current shortfall of inflation from 2%， the Committee will carefully monitor actual and expected progress toward its inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate； the federal funds rate is likely to remain， for some time， below levels that are expected to prevail in the longer run. However， the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.

　　The Committee is maintaining its existing policy 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， and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy， by KEE(2.23 -0.45%)ping the Committee’s holdings of longer-term securities at sizable levels， should help maintain accommodative financial conditions.

　　Voting for the FOMC monetary policy action were: Janet L. Yellen， Chair； William C. Dudley， Vice Chairman； Lael Brainard； Charles L. Evans； Stanley Fischer； Jeffrey M. Lacker； Dennis P. Lockhart； Jerome H. Powell； Daniel K. Tarullo； and John C. Williams.