Description
Added on the 14/06/2017 21:15:10 - Copyright : AFP EN
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
Chairman Jerome Powell says the Federal Reserve will keep its key rate at zero "until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals." 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
Fed Chair Jerome Powell announces a quarter-point raise in the US Federal Reserve's benchmark lending rate, "in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to two percent over time." SOUNDBITE
Federal Reserve Chair Jerome Powell announces a raise of the benchmark interest rate by three-quarters of a percentage point, adding that the Fed expects ongoing rate increases "will be appropriate." It is the second straight 75 basis point increase, and the fourth rate hike this year. SOUNDBITE
The Federal Reserve announces the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points as it battles against surging inflation. SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
