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Added on the 14/12/2022 20:48:07 - Copyright : AFPTV - First images
Federal Reserve Chair Jerome Powell says that "ongoing increases" in the policy rate will be "appropriate," as the Fed escalates its battle against the wave of price increases battering the US economy by raising the benchmark interest. 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 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
"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE
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