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Added on the 11/10/2018 03:01:37 - Copyright : AFPTV - First images
Federal Reserve chair Jerome Powell says that his "confidence has grown" that the battle against inflation is on track. "After a pause earlier this year, progress toward our 2 percent objective has resumed. My confidence has grown that inflation is on a sustainable path back to 2 percent," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming. SOUNDBITE
The US Federal Reserve voted to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year, the chairman of the central bank Jerome Powell announces during a press conference in Washington, DC. SOUNDBITE
"A decision on a pause was not made today," Fed Chair Jerome Powell says during a press conference when asked whether the US Federal Reserve has made the decision to pause rate hikes. SOUNDBITE
US Fed Chair Jerome Powell says "in determining the extent to which additional policy may be appropriate to return inflation to two percent over time, the committee will take into account" the impact of existing interest rate hikes. SOUNDBITE
The Federal Reserve announces the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points as it battles against surging inflation. SOUNDBITE
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