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Added on the 29/03/2016 19:04:44 - Copyright : AFP EN
The US Federal Reserve voted to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year, the chairman of the central bank Jerome Powell announces during a press conference in Washington, DC. SOUNDBITE
A new report showing inflation at the wholesale level fell for the 4th month in a row, could potentially cause a delay in Fed plans for a rate hike. Bobbi Rebell reports.
"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 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
The US Federal Reserve Chair Jerome Powell announces that interest rates wil remain unchanged for the fourth straight meeting. "As labor market tightness has eased and progress on inflation has continued, the risks to achieving our employment and inflation goals are moving into better balance," he says. SOUNDBITE
Tensions in the Middle East and shipping disruptions in the Red Sea could push eurozone inflation higher again, European Central Bank president Christine Lagarde warns at a press conference in Frankfurt. SOUNDBITE
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