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Added on the 07/03/2023 16:38:43 - Copyright : AFPTV - First images
A day after President Donald Trump's latest attack on the US central bank, Federal Reserve chief Jerome Powell hints that the key lending rate will move higher, although there is no preset course. SOUNDBITE
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed chair Jerome Powell. SOUNDBITE
Inflation could rise higher and stay there longer than expected as the US economy recovers from the downturn caused by the Covid-19 pandemic, Federal Reserve Chair Jerome Powell says. He notes that inflation is well above the Fed's two percent goal, mostly due to temporary factors including supply bottlenecks. SOUNDBITE
Chair of the Federal Reserve Jerome Powell announces in a press conference that the Federal Reserve 'expect it would be appropriate to maintain the current 0 to 0.25 percent target range for the Federal funds rate' until maximum employment goal hit. 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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