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[Washington, 27 de Reuters]- The US Federal Reserve (FRB) will maintain the policy interest rate close to the current zero% in the Federal Open Market Committee (FOMC) that takes place on the 26th and 27th, and at the same time it will buy bonds of the government, etc. It was decided unanimously that the quantitative easing to be included would remain at the current level. He reaffirmed that he will continue with these economic support measures until the recession caused by the spread of the new coronavirus is fully recovered.
The Fed said in an FOMC statement: “The novel coronavirus pandemic has caused enormous human and financial hardship in the United States and around the world. Economic activity and job recovery have slowed in recent months, with the pandemic the most important “. that have been negatively affected are particularly vulnerable. “” The economic path will depend significantly on the whereabouts of the virus, including the progress of vaccination. The current public health crisis continues to weigh on economic activity, employment and inflation, and the economic outlook is important. It represents a risk. “
The Fed has decided to keep the Fed funds rate guidance target at 0-0.25%. “Maintain this target guidance range until labor market conditions reach a level consistent with the Commission’s maximum employment assessment and inflation rises to 2% and is on track to slightly exceed 2% in the foreseeable future. I hope it’s appropriate. “
Regarding quantitative easing, you have decided to keep the monthly buying rhythm at least $ 80 billion for government bonds and $ 40 billion for mortgage-backed securities (MBS). “Until more significant progress is made towards the goals of maximum employment and price stability,” he said he would maintain this level.
In a post-FOMC press conference, Fed Chairman Powell emphasized that the Fed will not change monetary policy until it is clear that the economy will continue to improve.
He also noted that the fate of the US economy depends on the success of the new corona vaccination program. “At this point, there is nothing more important than vaccinating people,” he said, adding that industries that need to work face-to-face are the most vulnerable.
Powell himself revealed that he had received the first vaccine. It is said that he will soon receive the second vaccine.
Powell did not comment directly on the sharp rise in US game share prices for video game sales, saying the Fed would choose to use macroprudential measures such as stress tests to address financial stability risks. movements.
The Fed’s statement mentioning a slowdown in the pace of recovery further weighed its commitment to maintaining an accommodative financial stance. But for the FOMC, Ryan Detrick, senior market strategist at LPL Financial (North Carolina), said: “There was no change, everything was as expected. Everything was normal.”
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