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Added on the 29/07/2020 21:05:02 - Copyright : AFPTV - First images
"The outlook 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 during a news conference on policy amid Covid-19 pandemic. SOUNDBITE
While the US economy is moving "with alarming speed" towards a "very high unemployment" rate, says Federal Reserve Chairman Jerome Powell, once businesses can reopen, "there is every reason to believe that the economic rebound, when it comes, can be robust." 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