연준은 16일(현지 시각) 새벽 FOMC 회의을 마치면서 2가지 결정를 내놓았다.
연준은 이날 기준금리를 현재의 수준인 0.00~0.25%에서 동결한다고 밝혔다. 기준금리 제로 유지는 위원들의 만장일치 찬성으로 결정이 내려졌다.
연준은 이날 성명에서 기준금리 목표 범위를 0.00~0.25%로 유지하기로 결정했다면서 "노동시장 여건이 최대 고용과 인플레이션에 대한 FOMC의 평가와 일치하는 수준에 도달할 때까지 목표 범위를 유지하는 것이 적절할 것으로 예상한다"고 말했다. 연준은 또 "경제 활동과 고용이 계속 회복되고 있지만, 연초 수준에는 훨씬 못 미치고 있다"고 설명했다. 기준 금리 제로 유지의 배경 설명이다.
또 하나 주목할 대목은 채권 매입을 통한 금융완화를 결정했다. 연준은 이날 월 1200억 달러 이상의 채권 매입을 그대로 유지하기로 했다고 밝혔다. 당초 뉴욕증시에서는
코로나 확산세를 감안해 그 규모를 늘려달라고 요구했다. 이 요구가 받아들여지지 않은 데 뉴욕증시가 실망한 것이다.
이날 FOMC 위원들은 오는 2023년까지 제로금리가 유지될 것으로 전망했다. 이는 그 나마 뉴욕증시가 호재로 본 대목이다.
다음은 FOMC의 통화정책 성명 원문
December 16, 2020
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EST
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Loretta J. Mester; and Randal K. Quarles.
Implementation Note issued December 16, 2020
미국 연준이 올 마지막 FOMC 결과를 발표했다.
연준이 한국시간 17일 새벽 FOMC 회의을 바치면서 2가지 결정를 내놓았다.
제로금리유지와 채권 매입을 통한 금융완화이다. 연준의 이 발표에 대해 미국 뉴욕증시는 일단 시큰 둥한 반응이다. 다우지수는 약세를 면치 못하고 있다.
미국 연준은 이날 이틀간의 연방공개시장위원회(FOMC) 정례회의 후 내놓은 성명에서 기준금리를 현재의 수준인 0.00~0.25%에서 동결한다고 밝혔다. 기준금리 제로 유지는
위원들의 만장일치 찬성으로 결정이 내려졌다.
미국 중앙은행인 연방준비제도(Fed·연준)은 지난 3월 신종 코로나바이러스 감염증(코로나19) 사태에 대응하기 위해 제로금리를 결정한 바있다. 그 이후 6번째 열린 이번 FOMC 회의에서도 제로 금리를 유지했다. 제로 금리를 발표한 것은 올 3월 15일 FOMC 회의 직후였다. 당시 준금리를 기존 1.00∼1.25%에서 0.00∼0.25%로 1%포인트 인하했다. 그후 9개월동안 제로 금리를 그대로 가져가고 있다.
연준은 이날 성명에서 기준금리 목표 범위를 0.00~0.25%로 유지하기로 결정했다면서 "노동시장 여건이 최대 고용 및 인플레이션에 대한 FOMC의 평가와 일치하는 수준에 도달할 때까지 목표 범위를 유지하는 것이 적절할 것으로 예상한다"고 말했다. 연준은 또 정책 성명서에서 "경제 활동과 고용이 계속 회복되고 있지만, 연초 수준에는 훨씬 못 미치고 있다"고 설명했다. 기준 금리 제로 유지의 배경 설명이다.
또 하나 주목할 대목은 채권 매입을 통한 금융완화 이다. 연준은 이날 월 1천200억 달러 이상의 채권 매입을 그대로 유지하기로 했다고 밝혔다. 당초 뉴욕증시에서는
코로나 확산세를 감안해 그 규모를 늘려달라고 요구했다. 이 요구가 받아들여지지 않은 데 뉴욕증시가 살망한 것이다.
이날 FOMC 위원들은 오는 2023년까지 제로금리가 유지될 것으로 전망했다. 이는 그 나마 뉴욕증시가 호재로 본 대목이다.
다음은 FOMC의 통화정책 성명 원문
December 16, 2020
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EST
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Loretta J. Mester; and Randal K. Quarles.
Implementation Note issued December 16, 2020
김대호 글로벌이코노믹 연구소장 tiger8280@g-enews.com