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Added on the 24/12/2018 16:41:36 - Copyright : Wochit
US President Donald Trump congratulates the Federal Reserve after it announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtually zero and buying 500 billion dollars in Treasury debt and 200 billion dollars in other securities. SOUNDBITE
US President Donald Trump calls the Federal Reserve "pathetic, slow moving" on Twitter and reiterates his demand that the central bank lower its key lending rate and stimulate the economy. IMAGES ANIMATED TWEET from US President Donald Trump
President Donald Trump says he would like to see the Federal Reserve cut interest rates significantly to boost the economy, but does not favor devaluing the US dollar. SOUNDBITE
A day after President Donald Trump's latest attack on the US central bank, Federal Reserve chief Jerome Powell hints that the key lending rate will move higher, although there is no preset course. SOUNDBITE
IMF chief Christine Lagarde defends central bank rate hikes, calling them a "necessary development", after markets plunged in response to US president Donald Trump blasting the Fed for going "crazy" with plans to raise borrowing costs again. 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
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