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The committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.
To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to expand its holdings of securities.
To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the committee decided today to continue expanding its holdings of securities as announced in November.
With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to remain subdued for some time before rising to levels the committee considers consistent with its mandate.
The committee's September meeting ended with a statement that the Fed was "prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate".
The committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to support the economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate.
Similar(41)
The committee anticipates that inflation over the medium term will run at or below the rate that it judges most consistent with its dual mandate.
The recent increase in oil and gasoline prices will push up inflation temporarily, but the committee anticipates that subsequently inflation will run at or below the rate that it judges most consistent with its dual mandate.
Consequently, the committee anticipates that the unemployment rate will decline only slowly toward levels that it judges to be consistent with its dual mandate.
Measures of underlying inflation are currently at levels somewhat below those the committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability.
These hopes will have been encouraged by the Federal Reserve's latest statement on September 21st which talked, unusually for a central bank, of inflation levels "below those the committee judges most consistent over the longer run with its mandate to promote maximum employment and price stability".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com