הפדרל ריזרב אומר כי הוא ישמור על שיעורי ריבית ליד אפס עד 2023

קו תחתון

The Federal Reserve concluded its two-day policy meeting—the last one before the November election—on Wednesday by pledging to keep interest rates near zero until 2023, as the central bank looks to continue to support the U.S. economic recovery out of the coronavirus recession.

עובדות מפתח

In a widely expected move, the Fed kept short-term interest rates steady at the 0% to 0.25% range on Wednesday.

The central bank also signaled that it would keep rates anchored near zero through at least 2023, with all but four members of the Fed board agreeing with the long-term outlook.

Fed officials also issued updated quarterly economic forecasts, reflecting a smaller decline in GDP and a lower unemployment rate in 2020.

While the economic recovery has “progressed more quickly than generally expected” and Fed forecasts have been revised up from previous projections, overall activity still remains “well below” the level it was before the pandemic, Fed chairman Jerome Powell said in a press conference.

The Federal Open Market Committee (FOMC) “expects to maintain an accommodative stance of monetary policy” until inflation averages 2% over time, the central bank said in a statement.

In late August, at the last FOMC meeting, Fed chairman Jerome Powell הודיע a “robust updating” of policy in which the Federal Reserve will allow inflation to run “moderately” above its long-running 2% goal.

The central bank’s גישה חדשה לאינפלציה is meant to support the labor market and broader economy by keeping interest rates lower for a longer period of time.

ציטוט חשוב

“Well anchored interest rates enhance our ability to meet both employment and inflation objectives, particularly in the ‘new normal’ in which interest rates are closer to their effective lower bound even in good times,” Powell said.

מבקר ראשי

“The policy prescription is as expected, but the Fed’s economic projections look too optimistic,” says Ron Temple, head of U.S. equities at Lazard Asset Management. “Recent economic data have been good, but deceleration is evident even before taking into account rising risks related to fading fiscal stimulus, election uncertainty, and rolling waves of the pandemic as we enter flu season.”

רקע מפתח

The Federal Reserve has so far taken unprecedented steps to support the economy through the coronavirus pandemic. The central bank has pumped trillions of dollars into the financial system through bond purchases and a slew of emergency lending facilities to keep businesses afloat. Although the economy has partially recovered from its steepest downturn ever—with data showing signs of improvement, coronavirus continues to pose problems by keeping unemployment rates high. Temporary extra jobless benefits have started to run out and much-needed additional stimulus from Congress looks to be stuck in a political stalemate.

לקריאה נוספת

דאו קופץ 150 נקודות לאחר שהפדרל ריזרב מכריז על גישה חדשה לאינפלציה (פורבס)

The Fed Just Announced A Major Inflation Policy Change—Here’s Why That Matters (פורבס)

סיקור מלא ועדכונים חיים על וירוס ה- Coronavirus

Source: https://www.forbes.com/sites/sergeiklebnikov/2020/09/16/federal-reserve-says-it-will-keep-interest-rates-near-zero-until-2023/