The Central Bank of the United States (Fed) noted Wednesday, without concern about the stagnation of economic growth in the United States and confirmed all its monetary policy for a sustainable recovery.
In the United States, "Economic growth pauses for a few months, mainly because of the interference of weather and other factors of a temporary nature," the Monetary Policy Committee of the Fed (FOMC) in a statement issued after a two-day meeting in Washington.
Given the lack of improvement, the Committee confirmed the emergency measures he had taken at its last meeting in December.
Among his decisions, the central bank will continue to buy in the markets of U.S. government bonds and collateralized mortgage obligations for a total of $ 85 billion per month, until further notice.
This exceptional purchases last "as long as the perspective of the labor market will not improve significantly," says the FOMC rate and the Fed will remain between 0 and 0.25%, while the official unemployment rate remains at 6.5%-above, then the inflation outlook in the medium term. by more than half a percentage point above the Fed's target (2.0%) and that inflation expectations remain stable over
All these measures are designed to get maximum pressure on all interest that promote the shorter to the longer term to investment, consumption and the real estate market and ultimately accelerating recovery in the labor market.
The Fed seems not overly concerned about the direction of the U.S. economy. The most important change in the last communiqué from December FOMC is the disappearance of a paragraph, in which the central bank said, "fear that without sufficient monetary easing economic growth is not strong enough to improve sustainably the situation on the labor market."
The committee's decisions were adopted unanimously twelve voting members, with one voice, that of Esther George, the statement after the exercise of the ultra-accommodative policies rising power ", the risk of economic and financial imbalances in the future" and "might, over time lead to higher inflation expectations. "
