Description
Added on the 27/08/2021 17:28:36 - Copyright : AFPTV - First images
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
Though US inflation is rising, a temporary spike above two percent will not be enough to make the central bank pull back on stimulus policies, 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
South Africa's Cyril Ramaphosa calls for the country to "move forward together" during an inauguration speech after being sworn in for a second full term as president in Pretoria. SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
