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Added on the 04/06/2015 20:32:12 - Copyright : Reuters EN
The U.S. should delay a rate hike until the first half of 2016 until there are signs of a pickup in wages and inflation, says IMF Chief Christine Lagarde. Rough Cut (no reporter narration).
"A decision on a pause was not made today," Fed Chair Jerome Powell says during a press conference when asked whether the US Federal Reserve has made the decision to pause rate hikes. SOUNDBITE
US Federal Reserve Chair Jerome Powell announces a 0.25 percentage point increase in interest rates, but signals that the battle to rein in inflation is not yet over. "We continue to anticipate that ongoing increases will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time," Powell tells reporters at a news conference. 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
Workers returning to the labor force in unexpected numbers and landing jobs could slow the Fed's timing in raising interest rates. Conway Gittens reports.
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