公告日期：2004年8月10日

立即发布

联邦公开市场委员会今天决定将联邦基金利率提高25基点，上升到它的目标位1.50%。

委员会相信，甚至在这次行动以后，货币政策的态势仍然保持适当并且，与正在强劲提高的劳动生产率相适应，将为经济活动提供支持。在最近几个月，经济增长得以改进，劳动力市场状况的改善也放慢了。这种放缓看来应该归咎于能源价格的显著上升。不过，经济总体上讲还是均衡的，未来增长将继续保持强劲态势。今年的通货膨胀已经有所抬头，虽然价格上升的部分原因反映了某些暂时性因素的影响。

委员会认为，在未来的几个季度，追求同时实现持续的增长以及价格稳定目标，其上升和下降的风险是大致相当的。潜在的通货膨胀仍然如期待中的那样低，委员会相信政策调整是可以被测量的并以某一速度被转移。尽管如此，委员会将对经济前景的变化做出及时的反应，必要时，它将履行了维持价格稳定的义务。

参加FOMC货币政策行动投票的有：阿伦·格林斯潘主席；T·F·盖特勒副主席；B·S·B伯南克；苏珊·S·比斯；罗杰·W·小弗格森；爱德华·M·格兰里奇；托马斯·M·何力格；唐纳德·L·库恩；凯茜·E·明汉；马克·W·奥尔逊；桑德拉·皮亚纳托；以及威廉·普尔。

同时，与加息相关联的行动，委员会一致同意将贴现率提高25个基点，增加到2.50%。联邦公开市场委员会采取这次行动，是采纳了下列各个联邦储备银行的董事局提交的请求，即波士顿，纽约，费拉德尔菲亚，克利夫兰，里士满，亚特兰大，芝加哥，圣.路易斯，明尼阿波利斯，堪萨斯城，达拉斯和旧金山。

附：原文

Release Date: August 10, 2004

For immediate release

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 1-1/2 percent.

The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. In recent months, output growth has moderated and the pace of improvement in labor market conditions has slowed. This softness likely owes importantly to the substantial rise in energy prices. The economy nevertheless appears poised to resume a stronger pace of expansion going forward. Inflation has been somewhat elevated this year, though a portion of the rise in prices seems to reflect transitory factors.

The Committee perceives the upside and downside risks to the attainment of both sustainable growth and price stability for the next few quarters are roughly equal. With underlying inflation still expected to be relatively low, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.

Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; Timothy F. Geithner, Vice Chairman; Ben S. Bernanke; Susan S. Bies; Roger W. Ferguson, Jr.; Edward M. Gramlich; Thomas M. Hoenig; Donald L. Kohn; Cathy E. Minehan; Mark W. Olson; Sandra Pianalto; and William Poole.
       In a related action, the Board of Governors unanimously approved a 25 basis point increase in the discount rate to 2-1/2 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.