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Added on the 10/03/2020 16:23:40 - Copyright : AFPTV - First images
The US Federal Reserve Chair Jerome Powell announces that interest rates wil remain unchanged for the fourth straight meeting. "As labor market tightness has eased and progress on inflation has continued, the risks to achieving our employment and inflation goals are moving into better balance," he says. SOUNDBITE
US President Donald Trump congratulates the Federal Reserve after it announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtually zero and buying 500 billion dollars in Treasury debt and 200 billion dollars in other securities. SOUNDBITE
President Donald Trump says he would like to see the Federal Reserve cut interest rates significantly to boost the economy, but does not favor devaluing the US dollar. SOUNDBITE
IMF chief Christine Lagarde defends central bank rate hikes, calling them a "necessary development", after markets plunged in response to US president Donald Trump blasting the Fed for going "crazy" with plans to raise borrowing costs again. SOUNDBITE
Federal Reserve chair Jerome Powell says that the "time has come" for the United States to start cutting interest rates. "The time has come for policy to adjust," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming, according to prepared remarks, adding: "The direction of travel is clear." SOUNDBITE
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