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Added on the 02/12/2015 19:23:25 - Copyright : Euronews EN
The Federal Reserve will leave its key interest rate at zero "until we're confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals," says Fed Chair Jerome Powell during a press conference. SOUNDBITE
Fiscal policy makers from around the world encourage U.S. Fed officials to not delay start of interest rate hikes. Kelsey Hubbard reports.
The US Federal Reserve holds interest rates at a 23-year high. "Today, the FOMC (Federal Open Market Committee) decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings," announces US Fed Chair Jerome Powell. SOUNDBITE
"A decision on a pause was not made today," Fed Chair Jerome Powell says during a press conference when asked whether the US Federal Reserve has made the decision to pause rate hikes. SOUNDBITE
"The median projection for real GDP growth stands at just 0.5 percent this year and next," says US Federal Reserve Chair Jerome Powell. SOUNDBITE
The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE
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