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Added on the 06/07/2019 13:51:34 - Copyright : Wochit
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed chair Jerome Powell. SOUNDBITE
US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. 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 keeps US interest rates unchanged
Washington, Dec 11 (EFE).- The Federal Reserve decided on Wednesday to leave interest rates unchanged at between 1.5-1.75 percent after undertaking consecutive rate reductions at each of its three earlier meetings this year, emphasizing what it called the good health of the US economy.FOOTAGE COURTESY OF THE FEDERAL RESERVE. STATEMENTS FROM THE PRESIDENT OF THE EDF, JEROME POWELL
President Donald Trump says he would like to see the Federal Reserve cut interest rates significantly to boost the economy, but does not favor devaluing the US dollar. SOUNDBITE
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