0920FOMC加息声明

	Release Date: September 20, 2005 For immediate release The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3-3/4 percent. Output appeared poised to continue growing at a good pace before the tragic toll of Hurricane Katrina. The widespread devastation in the Gulf region, the associated dislocation of economic activity, and the boost to energy prices imply that spending, production, and employment will be set back in the near term. In addition to elevating premiums for some energy products, the disruption to the production and refining infrastructure may add to energy price volatility. While these unfortunate developments have increased uncertainty about near-term economic performance, it is the Committee's view that they do not pose a more persistent threat. Rather, monetary policy accommodation, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. Higher energy and other costs have the potential to add to inflation pressures. However, core inflation has been relatively low in recent months and longer-term inflation expectations remain contained. The Committee perceives that, with appropriate monetary policy action, the upside and downside risks to the attainment of both sustainable growth and price stability should be kept roughly equal. With underlying inflation expected to be contained, 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; Susan S. Bies; Roger W. Ferguson, Jr.; Richard W. Fisher; Donald L. Kohn; Michael H. Moskow; Anthony M. Santomero; and Gary H. Stern. Voting against was Mark W. Olson, who preferred no change in the federal funds rate target at this meeting. In a related action, the Board of Governors unanimously approved a 25-basis-point increase in the discount rate to 4-3/4 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, Philadelphia, Richmond, Chicago, Minneapolis, and Kansas City.

	美联储以九票对一票通过加息25个基点至3.75％，将贴现利率上调0.25%至4.75%。

	美元：美联储声明全文 美国公开市场委员会决定加息25个基点至3.75%。美联储声明指出，卡特里娜飓风到来之前，产出继续健康增长。飓风造成墨西哥湾地区经济活动停滞，推高了能源价格，将会在短期内阻碍消费支出，生产及就业。飓风给石油生产及炼油设施造成的破坏可能会导致能源价格大幅波动。虽然飓风在短期内增加了经济活动的不确定性，但公开市场委员会认为飓风的影响不会持续。货币政策的适应性及生产力稳固的增长潜力正为经济活动提供支持。能源及其它成本上升增加了通胀上升的压力，但近几个月核心通胀仍维持在相对低位，长期通胀预期仍得到控制。委员会认为，通过合适的货币政策，维持经济持续增长与物价稳定的风险应该会大致保持平衡。随着潜在的通胀预期得到控制，委员会相信适应性的货币政策可以被逐步去除。但如有需要，委员会将对经济前景的变化作出适当的反应，以履行维持物价稳定的义务。

	挂单1。2040再进一单