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Added on the 22/09/2021 21:05:28 - Copyright : AFPTV - First images
Federal Reserve Chair Jerome Powell announces a quarter-point increase in the benchmark interest rate to bring rising inflation under control, the first rate hike since the start of the Covid-19 pandemic. SOUNDBITE
US inflation is rising due to temporary price increases as the economy bounces back from the pandemic, and supply bottlenecks, the resolution of which are "harder to predict," Federal Reserve Chair Jerome Powell says. SOUNDBITE
Analysts believe that the New Unity party of PM Krišjānis Kariņš will take the most votes.
The Federal Reserve has raised the key US interest rate again and says more hikes are coming as it battles soaring prices -- an aggressive stance that has raised fears of a recession. It is the third consecutive increase of 0.75 percentage point by the Fed's policy-setting Federal Open Market Committee (FOMC), continuing the forceful action to tamp down inflation that has surged to the highest in 40 years. SOUNDBITE
Taming high US inflation will be painful for American families and businesses, but failure to act would be even more harmful, Federal Reserve Chair Jerome Powell says Friday. SOUNDBITE
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