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Added on the 01/02/2023 21:01:57 - Copyright : AFPTV - First images
"It will take substantially more evidence to give confidence that inflation is on a sustained downward path," US Federal Reserve Chair Jerome Powell says in Washington. 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
"We continue to anticipate that ongoing increases will be appropriate in order to retain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time," US Federal Reserve Chair Jerome Powell says after the Fed raised it interest rate by a half percentage point. SOUNDBITE
US Federal Reserve Chair Jerome Powell says it is "essential" to bring down inflation for the US to have "sustained period of strong labor market conditions that benefit all." The Federal Reserve on Wednesday raised the benchmark lending rate by a half percentage point in its ongoing effort to contain the highest inflation in four decades. 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
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