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Added on the 07/01/2014 10:37:08 - Copyright : Euronews EN
Federal Reserve chair Jerome Powell says that the "time has come" for the United States to start cutting interest rates. "The time has come for policy to adjust," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming, according to prepared remarks, adding: "The direction of travel is clear." 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
The Federal Reserve will need "substantially more evidence" to be confident that inflation is on a sustained downward path, says Federal Reserve Chair Jerome Powell. SOUNDBITE
US Treasury Secretary Janet Yellen meets with Chinese Vice Premier Liu He in Switzerland. Yellen said close communication between the United States and China on economic issues is vital, ahead of the meeting. IMAGES
Federal Reserve Chair Jerome Powell says US spending and production data "has softened" and consumer spending "slowed significantly", as the central bank decided to again raise the benchmark interest rate by 75 basis points to tame spiraling price pressures. SOUNDBITE
US Treasury Secretary Janet Yellen is welcomed by Polish Prime Minister Mateusz Morawiecki on a visit to Warsaw. IMAGES
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