Sumber: The Fed | Editor: Hasbi Maulana
Pernyataan FOMC, 31 Juli 2019.
Informasi yang diterima sejak Komite Pasar Terbuka Federal (FOMC) bertemu pada bulan Juni menunjukkan bahwa pasar tenaga kerja tetap kuat dan kegiatan ekonomi telah meningkat pada tingkat yang moderat. Pertambahan lapangan kerja solid secara rata-rata dalam beberapa bulan terakhir, tingkat pengangguran pun tetap rendah.
Meskipun pertumbuhan pengeluaran rumah tangga meningkat dari awal tahun, pertumbuhan investasi bisnis lemah. Pada basis 12 bulan, inflasi keseluruhan dan inflasi barang-barang selain makanan dan energi berjalan di bawah 2 persen. Inflasi berbasis data pasar tetap rendah; sedangkan inflasi berbasis survei berdasarkan ekspektasi inflasi jangka panjang sedikit berubah.
Konsisten dengan mandat perundang-undangan, Komite berupaya mendorong ketersediaan lapangan kerja maksimum dan stabilitas harga. Mengingat implikasi perkembangan global terhadap prospek ekonomi serta tekanan inflasi yang diredam, Komite memutuskan menurunkan kisaran target bunga dana federal menjadi 2 hingga 2-1/4 persen.
Keputusan ini sejalan dengan pandangan Komite bahwa ekspansi berkelanjutan dari kegiatan ekonomi, kondisi pasar tenaga kerja yang kuat, serta inflasi mendekati tujuan 2 persen simetris masih mungkin tercapai, tetapi ketidakpastian tetap ada. Sembari Komite merenungkan jalur target bunga Fed Fund mendatang, Komite akan terus memantau implikasi informasi yang masuk terhadap prospek ekonomi, dan akan bertindak sesuai untuk mempertahankan ekspansi, dengan pasar tenaga kerja yang kuat dan inflasi mendekati target simetris 2 persen.
Dalam menentukan waktu dan tingkat penyesuaian kisaran target bunga Fed Fund selanjutnya, Komite akan menilai kondisi ekonomi yang berlangsung dan pengaruhnya terhadap tujuan kerja maksimum dan sasaran inflasi simetris 2 persen. Penilaian ini akan mempertimbangkan berbagai informasi, termasuk kondisi pasar tenaga kerja, indikator tekanan inflasi dan ekspektasi inflasi, dan bacaan tentang perkembangan keuangan dan internasional.
Komite akan menyimpulkan pengurangan kepemilikan sekuritas agregatnya dalam System Open Market Accountpada bulan Agustus, dua bulan lebih awal dari indikasi sebelumnya.
Peserta rapat yang setuju terhadap keputusan ini: Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; and Randal K. Quarles.
Peserta yang tidak setuju dan memilih mempertahankan bunga federal pada kisaran 2-1/4 to 2-1/2: Esther L. George and Eric S. Rosengren
Pernyataan FOMC versi asli (bahasa inggris) di Halaman Selanjutnya.
Baca Juga: Menjelang detik-detik pengumuman The Fed, simak perjalanan suku bunga AS sejak resesi
Baca Juga: The Fed pangkas suku bunga, tapi tak memberi sinyal penurunan dalam jangka panjang
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FOMC statement (July 31, 2019)
Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending has picked up from earlier in the year, growth of business fixed investment has been soft. On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent. This action supports the Committee's view that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective are the most likely outcomes, but uncertainties about this outlook remain. As the Committee contemplates the future path of the target range for the federal funds rate, it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.
The Committee will conclude the reduction of its aggregate securities holdings in the System Open Market Account in August, two months earlier than previously indicated.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; and Randal K. Quarles. Voting against the action were Esther L. George and Eric S. Rosengren, who preferred at this meeting to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; and Randal K. Quarles.
Voting against the action were Esther L. George and Eric S. Rosengren, who preferred at this meeting to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.
