Press Release
記者會發布
Release Date: April 29, 2015
發布日期:2015年04/29
For immediate release
Information received since the Federal Open Market Committee met in March
suggests that economic growth slowed during the winter months, in part
reflecting transitory factors. The pace of job gains moderated, and the
unemployment rate remained steady. A range of labor market indicators
suggests that underutilization of labor resources was little changed. Growth
in household spending declined; households' real incomes rose strongly,
partly reflecting earlier declines in energy prices, and consumer sentiment
remains high. Business fixed investment softened, the recovery in the housing
sector remained slow, and exports declined. Inflation continued to run below
the Committee's longer-run objective, partly reflecting earlier declines in
energy prices and decreasing prices of non-energy imports. Market-based
measures of inflation compensation remain low; survey-based measures of
longer-term inflation expectations have remained stable.
自從FOMC在三月來接收到的資訊，顯示冬季經濟成長緩慢，部份的原因可以歸咎於季節
性調整因素。就業成長步調和緩，而失業率穩定持平，在就業市場的指標範圍顯示以往
勞動資源並未被有效利用，而最近有些微改變，在日用品消費部分事減低了，而家庭真
實成長強勁，部分原因反映出能源價格下跌，而消費者的情緒仍顯高昂。企業投資放緩
而住屋情況仍顯疲弱。通膨率對會議成員的長期預估仍是太低，部分反映能源的下跌以
及非能源商品的價格減低；基於市場對於通膨率的回歸仍舊低迷，而基於調查結果顯示
長期通膨率仍在穩定範圍。
Consistent with its statutory mandate, the Committee seeks to foster maximum
employment and price stability. Although growth in output and employment
slowed during the first quarter, the Committee continues to expect that, with
appropriate policy accommodation, economic activity will expand at a moderate
pace, with labor market indicators continuing to move toward levels the
Committee judges consistent with its dual mandate. The Committee continues to
see the risks to the outlook for economic activity and the labor market as
nearly balanced. Inflation is anticipated to remain near its recent low level
in the near term, but the Committee expects inflation to rise gradually
toward 2 percent over the medium term as the labor market improves further
and the transitory effects of declines in energy and import prices dissipate.
The Committee continues to monitor inflation developments closely.
委員會一致認同需要懷抱最大就業率(即:最低失業率)的希望以及對於價格平穩的展望，
縱使第一季出口成長與就業放緩，委員會持續期望政策的適切調整，會使得經濟活動擴
張在溫和的步調，而就業指標緩慢靠向原本委員會的兩個條件之一(譯按:通膨&就業)。
委員持續試圖(從以下兩個指標)找出風險:經濟活動的展望、就業市場需要維持平衡。
通膨率仍預期在低區間，但委員會預期通膨率理應回升至中長期2%(對應於勞動市場的
長期增長，以及短期的能源價格影響、進口品價格的浪費)，委員會將持續密切關注通
膨的發展狀況。
To support continued progress toward maximum employment and price stability,
the Committee today reaffirmed its view that the current 0 to 1/4 percent
target range for the federal funds rate remains appropriate. In determining
how long to maintain this target range, the Committee will assess
progress