Press Release
记者会发布
Release Date: April 29, 2015
发布日期: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.
自从FOMC在三月来接收到的资讯，显示冬季经济成长缓慢，部份的原因可以归咎于季节
性调整因素。就业成长步调和缓，而失业率稳定持平，在就业市场的指标范围显示以往
劳动资源并未被有效利用，而最近有些微改变，在日用品消费部分事减低了，而家庭真
实成长强劲，部分原因反映出能源价格下跌，而消费者的情绪仍显高昂。企业投资放缓
而住屋情况仍显疲弱。通膨率对会议成员的长期预估仍是太低，部分反映能源的下跌以
及非能源商品的价格减低；基于市场对于通膨率的回归仍旧低迷，而基于调查结果显示
长期通膨率仍在稳定范围。
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.
委员会一致认同需要怀抱最大就业率(即:最低失业率)的希望以及对于价格平稳的展望，
纵使第一季出口成长与就业放缓，委员会持续期望政策的适切调整，会使得经济活动扩
张在温和的步调，而就业指标缓慢靠向原本委员会的两个条件之一(译按:通膨&就业)。
委员持续试图(从以下两个指标)找出风险:经济活动的展望、就业市场需要维持平衡。
通膨率仍预期在低区间，但委员会预期通膨率理应回升至中长期2%(对应于劳动市场的
长期增长，以及短期的能源价格影响、进口品价格的浪费)，委员会将持续密切关注通
膨的发展状况。
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