ＦＯＭＣ決議降息二碼至１％（Oct. 29, 2008） - 理財

Ref. http://www.federalreserve.gov/newsevents/press/monetary/20081029a.htm

Press Release

Release Date: October 29, 2008

For immediate release

The Federal Open Market Committee decided today to lower its target for the
federal funds rate 50 basis points to 1 percent.

The pace of economic activity appears to have slowed markedly, owing
importantly to a decline in consumer expenditures. Business equipment
spending and industrial production have weakened in recent months, and
slowing economic activity in many foreign economies is damping the prospects
for U.S. exports. Moreover, the intensification of financial market turmoil
is likely to exert additional restraint on spending, partly by further
reducing the ability of households and businesses to obtain credit.

In light of the declines in the prices of energy and other commodities and
the weaker prospects for economic activity, the Committee expects inflation
to moderate in coming quarters to levels consistent with price stability.

Recent policy actions, including today’s rate reduction, coordinated
interest rate cuts by central banks, extraordinary liquidity measures, and
official steps to strengthen financial systems, should help over time to
improve credit conditions and promote a return to moderate economic growth.
Nevertheless, downside risks to growth remain. The Committee will monitor
economic and financial developments carefully and will act as needed to
promote sustainable economic growth and price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman;
Timothy F. Geithner, Vice Chairman; Elizabeth A. Duke; Richard W. Fisher;
Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Charles I. Plosser;
Gary H. Stern; and Kevin M. Warsh.

In a related action, the Board of Governors unanimously approved a
50-basis-point decrease in the discount rate to 1-1/4 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, Cleveland, and San
Francisco.

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