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Added on the 22/09/2021 21:05:28 - Copyright : AFPTV - First images
Federal Reserve Chair Jerome Powell announces a quarter-point increase in the benchmark interest rate to bring rising inflation under control, the first rate hike since the start of the Covid-19 pandemic. SOUNDBITE
US inflation is rising due to temporary price increases as the economy bounces back from the pandemic, and supply bottlenecks, the resolution of which are "harder to predict," Federal Reserve Chair Jerome Powell says. 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
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed 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
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