关于货币政策实施的决定 (美联储)

美国东部时间下午 2:00 发布
最近的指标表明经济活动继续稳步扩张。 就业增长保持强劲，失业率维持在低位。通货膨胀 在过去一年有所缓解，但仍处于高位。近几个月来， 朝着委员会2%的通胀目标前进。
该委员会寻求实现最大就业和通货膨胀率 2%。委员会认为，实现就业目标的风险 过去一年，通胀目标已趋于更加平衡。经济前景 存在不确定性，委员会仍高度关注通胀风险。
为了实现其目标，委员会决定维持联邦
联邦基金利率为 5.5% 至 5.5%。在考虑对目标区间进行任何调整时， 联邦基金利率，委员会将仔细评估即将公布的数据、不断变化的前景，以及 风险平衡。委员会认为，降低目标并不合适 直到它更加确信通胀率将持续向 2% 迈进。 此外，委员会将继续减持美国国债和机构债券。 债务和机构抵押贷款支持证券。委员会坚决致力于恢复 通胀率达到2%的目标。
在评估适当的货币政策立场时，委员会将继续 监测即将发布的信息对经济前景的影响。委员会 如果出现以下风险，我们将准备适当调整货币政策立场:
可能会阻碍委员会目标的实现。委员会的评估将考虑 考虑到广泛的信息，包括劳动力市场状况的数据， 通胀压力和通胀预期、金融和国际发展。
投票支持货币政策行动的有:主席杰罗姆·鲍威尔 (Jerome H. Powell)、约翰·威廉姆斯 (John C. Williams)、 副主席;Thomas I. Barkin;Michael S. Barr;Raphael W. Bostic;Michelle W. Bowman;Lisa
D. Cook;Mary C. Daly;Philip N. Jefferson;Adriana D. Kugler;Loretta J. Mester;以及 克里斯托弗·J·沃勒。

如需媒体咨询，请发送电子邮件至media@frb.gov或致电 202‐452‐2955。

美国东部时间下午 2:00 发布 2024 年 6 月 12 日 关于货币政策实施的决定
美联储做出以下决定，以执行联邦公开市场委员会在其声明中宣布的货币政策立场2024 年 6 月 12 日: ‧联邦储备系统理事会一致投票决定将准备金余额支付的利率维持在 5.4%，自 2024 年 6 月 13 日起生效。
‧作为其政策决定的一部分，联邦公开市场委员会投票决定指示公开市场 纽约联邦储备银行的市场柜台，除非另有指示，否则将按照以下国内政策指令在系统公开市场账户 中执行交易:
“自 2024 年 6 月 13 日起，联邦公开市场委员会指示交易部门: o根据需要进行公开市场操作，以维持联邦基金利率
目标范围是 5‐1/4 到 5‐1/2 %。
o开展常备隔夜回购协议操作，最低中标利率为 5.5%，总操作限额为 5000 亿美元。
o定期进行隔夜逆回购协议操作 发行利率为5.3%，每个交易对手的每日限额为1600亿美元。
o通过拍卖展期美联储持有的每月到期国债本金支付金额，如果超出每月 250 亿美元的上限，则赎 回国债本金支付金额，直至达到每月上限，如果息票本金支付金额低于每月上限，则赎回国库 券。
o将美联储每月持有的机构债和机构抵押贷款支持证券 (MBS) 的本金支付超过每月 350 亿美元 的上限部分再投资于美国国债，以大致匹配未偿还美国国债的期限结构。
o如果需要，允许再投资金额与规定金额有适度偏差， 操作方面的原因。
o根据需要进行美元展期和息票掉期交易，以促进美联储机构 MBS 交易的结算。”
‧在相关行动中，美联储理事会投票决定 一致批准将基本信贷利率维持在现有的5.5%水平。
(更多的)

Machine Translated by Google
该信息将会适时更新，以反映联邦公开市场委员会或理事会关于美联储用于实施货币政策的操作工具和方法的细节的决定。

该信息将会适时更新，以反映联邦公开市场委员会或理事会关于美联储用于实施货币政策的操作工具.

For release at 2:00 p.m. EDT June 12, 2024
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been modest further progress toward the Committee’s 2 percent inflation objective.
The Committee seeks to achieve maximum employment and inflation at the rate of
2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.
In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‐backed securities. The Committee is strongly committed to returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that.

could impede the attainment of the Committee’s goals. The Committee’s assessments will take
into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Michael S. Barr; Raphael W. Bostic; Michelle W. Bowman; Lisa D. Cook; Mary C. Daly; Philip N. Jefferson; Adriana D. Kugler; Loretta J. Mester; and Christopher J. Waller.
-0-
Attachment
For media inquiries, please email media@frb.gov or call 202-452-2955.

For release at 2:00 p.m. EDT June 12, 2024
Decisions Regarding Monetary Policy Implementation
The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on June 12, 2024:
• •
The Board of Governors of the Federal Reserve System voted unanimously to maintain the interest rate paid on reserve balances at 5.4 percent, effective June 13, 2024.
As part of its policy decision, the Federal Open Market Committee voted to direct the Open Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the System Open Market Account in accordance with the following domestic policy directive:
“Effective June 13, 2024, the Federal Open Market Committee directs the Desk to:
o Undertake open market operations as necessary to maintain the federal funds rate
in a target range of 5-1/4 to 5-1/2 percent.
o Conduct standing overnight repurchase agreement operations with a minimum bid
rate of 5.5 percent and with an aggregate operation limit of $500 billion.
o Conduct standing overnight reverse repurchase agreement operations at an
offering rate of 5.3 percent and with a per-counterparty limit of $160 billion per
day.
o Roll over at auction the amount of principal payments from the Federal Reserve’s
holdings of Treasury securities maturing in each calendar month that exceeds a cap of $25 billion per month. Redeem Treasury coupon securities up to this monthly cap and Treasury bills to the extent that coupon principal payments are less than the monthly cap.
o Reinvest the amount of principal payments from the Federal Reserve’s holdings of agency debt and agency mortgage-backed securities (MBS) received in each calendar month that exceeds a cap of $35 billion per month into Treasury securities to roughly match the maturity composition of Treasury securities outstanding.
o Allow modest deviations from stated amounts for reinvestments, if needed for operational reasons.
o Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions.”
In a related action, the Board of Governors of the Federal Reserve System voted unanimously to approve the establishment of the primary credit rate at the existing level of 5.5 percent.
(more).

This information will be updated as appropriate to reflect decisions of the Federal Open Market Committee or the Board of Governors regarding details of the Federal Reserve’s operational tools and approach used to implement monetary policy.
More information regarding open market operations and reinvestments may be found on the.

Federal Reserve Bank of New York’s website.