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Added on the 14/12/2022 20:58:35 - Copyright : AFPTV - First images
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
The US Federal Reserve is prepared to raise interest rates higher -- and hold them there -- in order to bring down elevated inflation. "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective," says Jerome Powell in a central banking conference in 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
US interest rates will likely peak at a higher level than was previously anticipated due to January data that came in stronger than recent trends expected, Federal Reserve Chair Jerome Powell tells a US Senate hearing, saying, "if the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes." SOUNDBITE
"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
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