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Added on the 16/03/2022 20:04:53 - Copyright : AFPTV - First images
"We continue to anticipate that ongoing increases will be appropriate in order to retain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time," US Federal Reserve Chair Jerome Powell says after the Fed raised it interest rate by a half percentage point. 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
The Federal Reserve will need "substantially more evidence" to be confident that inflation is on a sustained downward path, says Federal Reserve Chair Jerome Powell. 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
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
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