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Added on the 01/02/2023 21:01:57 - Copyright : AFPTV - First images
"It will take substantially more evidence to give confidence that inflation is on a sustained downward path," US Federal Reserve Chair Jerome Powell says in Washington. 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
"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
US Federal Reserve Chair Jerome Powell says it is "essential" to bring down inflation for the US to have "sustained period of strong labor market conditions that benefit all." The Federal Reserve on Wednesday raised the benchmark lending rate by a half percentage point in its ongoing effort to contain the highest inflation in four decades. 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
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