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Added on the 09/04/2020 18:18:01 - Copyright : AFPTV - First images
"The path forward for the economy is extraordinarily uncertain and will depend in large part on our success in keeping the virus in check," says US Federal Reserve Chairman Jerome Powell. SOUNDBITE
The US Federal Reserve votes to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year. 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
Federal Open Market Committee (FOMC) members have more than doubled the median projection for economic growth this year to 2.1 percent, says Jerome Powell, the US Federal Reserve Chairman. 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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